How does the completion of the Development Schedule affect the term of a My Salon Suite Development Agreement?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise | Summary |
|---|---|---|
| Agreement | ||
| a. Term | Section 4.A. of Franchise Agreement | Ten (10) years. |
| Section 3 of Development Agreement | Term continues until completion of Development Schedule |
Source: Item 16 — RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL (FDD pages 62–76)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the term of the Development Agreement continues until the completion of the Development Schedule. This means that the Development Agreement, which outlines the franchisee's obligations to develop a certain number of My Salon Suite locations within a specified timeframe, remains in effect until the franchisee has fulfilled this schedule.
For a prospective My Salon Suite franchisee, this implies that the Development Agreement does not have a fixed term length but is instead tied to the franchisee's performance in meeting the development obligations. The franchisee must open the agreed-upon number of locations to satisfy the Development Schedule. This could be shorter or longer than a typical fixed-term agreement, depending on how quickly the franchisee can develop and open new My Salon Suite locations.
This arrangement incentivizes the franchisee to develop the agreed-upon number of locations efficiently. However, it also places the risk on the franchisee to ensure they can meet the development schedule within a reasonable timeframe. If the franchisee encounters delays or difficulties in opening new locations, the Development Agreement will remain in effect, potentially impacting their ability to pursue other business opportunities or modify their development plans. Prospective franchisees should carefully consider their ability to meet the Development Schedule before entering into a Development Agreement with My Salon Suite.