What is the relationship between the Development Schedule and the term of the 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 remains in effect until the franchisee has fulfilled all the obligations outlined in the Development Schedule, such as opening a specified number of My Salon Suite locations within a particular timeframe.
This condition is significant for prospective My Salon Suite multi-unit franchisees because their Development Agreement isn't just tied to a fixed period but to their performance in developing new locations. If a franchisee fails to meet the milestones set in the Development Schedule, the agreement remains in effect, potentially requiring them to continue developing locations or face consequences for non-compliance.
In contrast, the Franchise Agreement for a single My Salon Suite location has a fixed term of ten years. Understanding the distinction between the Development Agreement and the Franchise Agreement is crucial. The Development Agreement focuses on the franchisee's commitment to expanding the My Salon Suite brand by opening multiple locations, while the Franchise Agreement governs the operation of a single franchised business for a defined period.