What section of the My Salon Suite Franchise 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 | |
| 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 |
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 initial term of the franchise agreement is detailed in Section 4.A. of the Franchise Agreement. The standard term length is ten years. This means a franchisee can expect to operate their My Salon Suite business for a decade under the initial agreement, assuming compliance with its terms.
Additionally, Section 3 of the Development Agreement specifies that the term continues until the completion of the Development Schedule. This is relevant for franchisees who are developing multiple My Salon Suite locations, as their agreement extends until they have fulfilled their development obligations.
My Salon Suite also offers renewal options, as described in Section 4.B. of the Franchise Agreement. If a franchisee is in good standing and meets other requirements, they may be able to renew for two consecutive terms of 10 years each. Sections 4.A. through 4.B. outline the requirements for renewal or extension, including providing notice, maintaining the location, completing updates, and executing the then-current form of the franchise agreement, which may contain materially different terms and conditions.