What is the 'Addendum' defined as in the Precision Door Service Renewal Addendum for Precision Door Service?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| This RENEWAL ADDENDUM WITH TERMINATION OF FRANCHISE AGREEMENT AND |
|---|
| RELEASE (this "Addendum") is entered into by and between PRECISION DOOR SERVICE SPV LLC, |
| a Delaware limited liability company having a principal place of business at 2395 Washington Avenue, |
| Suite 5, Titusville, Florida 32780 ("Franchisor"), and, individually, having an address of |
| ("Franchisee"). |
| WHEREAS, Franchisor and Franchisee have entered into a franchise agreement, dated as of |
| pursuant to which Franchisor has granted Franchisee a right and obligation to establish and operate a |
| Precision Garage Door Service® franchise using the Marks and the System in and for the Territory (the |
| "Original Franchise Agreement"), [and the Amendment to the Original Franchise Agreement executed on |
| [2022] (the "Legacy Amendment")]; and |
Source: Item 22 — Contracts (FDD pages 91–92)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, the Renewal Addendum is formally titled the "RENEWAL ADDENDUM WITH TERMINATION OF FRANCHISE AGREEMENT AND RELEASE." The document explicitly states that this entire agreement is referred to as the "Addendum."
This Addendum is an agreement between Precision Door Service SPV LLC, identified as the Franchisor, and the Franchisee. The document specifies the Franchisor's principal place of business as being located at 2395 Washington Avenue, Suite 5, Titusville, Florida 32780.
The Renewal Addendum addresses the pre-existing franchise agreement between Precision Door Service and the Franchisee, referred to as the "Original Franchise Agreement," which outlines the franchisee's rights and obligations to operate a Precision Garage Door Service franchise within a defined territory using the brand's trademarks and system. It also references a possible "Legacy Amendment" executed in 2022, which may further modify the original agreement.