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Where in the My Salon Suite Franchise Agreement can I find information about renewal?

My_Salon_Suite Franchise · 2025 FDD

Answer from 2025 FDD Document

portant provisions of the Franchise Agreement and related agreements pertaining to renewal, termination, transfer, and dispute resolution. You should read these provisions in the agreements attached to this Franchise Disclosure Document.**

FRANCHISE AGREEMENT AND DEVELOPMENT AGREEMENT

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
b. Renewal or Section 4.B. of Franchise If you are in good standing and you meet
extension Agreement other requirements, you may enter
ofterm
2 consecutive renewal
terms of 10
years.
c. Requirementsfor Sections 4.A. through Your renewal franchise rights permit
you to renew or extend 4.B. of Franchise Agreement you to remain as a Franchisee after the initial term of your Franchise Agreement expires. You must: (i) provide notice of your renewal no fewer than 9 months and no greater than one (1) year prior to the end of the term; (ii) demonstrate to our satisfaction that you have the right to operate the Franchised Business at the Approved Location for the duration of the renewal term or, if you are unable to continue operating at the Approved Location, secure a substitute location that is acceptable to us; (iii) complete all maintenance, refurbishing, renovating, updating, and remodeling of the
Provision Section Summary
in
Franchise
-------------------------------------------------------- ---------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Agreement Franchised Business premises, as well
as
any updates to required hardware and
software, to comply with our then
current Franchise System standards and
specifications for new franchisees; (iv)
not be
in breach of any provision of the
Franchise
Agreement
or
any
other
agreement
with
us
our
affiliates,
Approved Vendors, and also be in
substantial
compliance
with
these
agreements
during
their
respective
terms;
(v)
satisfy
all
monetary
obligations you have to
us, our affiliates,
and approved or designated vendors;

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, details regarding the renewal of a franchise agreement can be found in Section 4.B of the Franchise Agreement. A franchisee in good standing who meets specific requirements has the option to enter into two consecutive renewal terms, each lasting 10 years.

To renew the franchise, the franchisee must provide notice of their intent to renew no less than 9 months and no more than one year before the end of the current term. They must also demonstrate that they have the right to continue operating the Franchised Business at the approved location for the renewal term. If the franchisee cannot continue at the current location, they must secure a substitute location acceptable to My Salon Suite. The franchisee is responsible for completing all necessary maintenance, refurbishing, renovations, updates, and remodeling of the premises to comply with the then-current standards for new franchisees, including hardware and software updates.

Furthermore, the franchisee must not be in breach of the Franchise Agreement or any other agreements with My Salon Suite, its affiliates, or approved vendors, and must be in substantial compliance with these agreements. All monetary obligations to My Salon Suite, its affiliates, and approved vendors must be satisfied. The franchisee must also execute the then-current form of the franchise agreement, which may contain materially different terms and conditions, including potentially higher royalty fees and brand building fund contributions, compared to the original agreement. The franchisee is also required to meet the then-current training requirements for renewing franchisees at their own expense and execute a general release in favor of My Salon Suite and its affiliates. Finally, the franchisee must pay a renewal franchise fee equal to 15% of My Salon Suite's then-current initial franchise fee for a Franchised Business.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.