For My Salon Suite, what is the Development Schedule and what does it govern?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6.4 Failure by you to adhere to the Development Schedule, including execution of each Addition Franchise Agreement in accordance with the Development Schedule, shall constitute a material breach under this Agreement and Franchisor may terminate this Agreement upon notice.
Upon termination of this Agreement, any (i) remaining option rights you must open Additional Franchised Businesses under this Agreement, or (ii) territorial protection in the Development Area, will be terminated as well without any refund of any portion of the Development Fee.
This Agreement will automatically terminate upon Franchisee's opening of the last Additional Franchised Business granted pursuant to this Agreement.
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- Conditions for Exercising Franchisee's Option. To exercise Franchisee's option for Franchised Businesses after Franchisee's Initial Franchised Business, you must satisfy the following conditions as Franchisor may determine in its sole discretion:
7.1.
You must not be in default of this Agreement, Franchisee's Initial Franchise Agreement, any Additional Franchise Agreement, or other any other agreement between you and Franchisor, and must have fully performed all Franchisee's material obligations under these agreements throughout their respective terms;
- 7.2 You must have opened Franchisee's Initial Franchised Business and, if appropriate, all subsequent Franchised Businesses, within the time periods prescribed in the Development Schedule;
Source: Item 23 — RECEIPTS (FDD pages 95–230)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the Development Schedule outlines the time periods within which a franchisee must open their Initial Franchised Business and any Additional Franchised Businesses. My Salon Suite grants franchisees the right to open an Initial Franchised Business and up to two Additional Franchised Businesses within a defined geographic area, as detailed in the agreement.
The Development Schedule is crucial because failure to adhere to it, including executing each Additional Franchise Agreement according to the schedule, constitutes a material breach of the agreement. If a franchisee fails to meet the deadlines outlined in the Development Schedule, My Salon Suite has the right to terminate the agreement with notice.
Upon termination due to failure to adhere to the Development Schedule, the franchisee risks losing any remaining option rights to open Additional Franchised Businesses and any territorial protection within the Development Area. Furthermore, the franchisee will not receive any refund of any portion of the Development Fee. To exercise the option for additional Franchised Businesses after the Initial Franchised Business, the franchisee must have opened the Initial Franchised Business and all subsequent Franchised Businesses within the time periods specified in the Development Schedule and must not be in default of any agreements with My Salon Suite.