What section of the My Salon Suite Development Agreement discusses the term of the 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 is addressed in Section 3 of the Development Agreement. The agreement continues until the completion of the Development Schedule.
This means that for a My Salon Suite franchisee, the Development Agreement remains in effect until all the milestones and obligations outlined in the Development Schedule are fulfilled. The Development Schedule likely includes items such as site selection, build-out, securing necessary permits, and meeting specific opening deadlines for the salon suites.
Unlike the Franchise Agreement, which has a fixed term, the Development Agreement's term is tied to the franchisee's progress in establishing the My Salon Suite locations as agreed upon. Franchisees should carefully review Section 3 of the Development Agreement and the Development Schedule to understand their obligations and the timeline for completing them, as this determines how long the Development Agreement remains in effect.