What agreement is terminated by the 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 FDD, the Renewal Addendum terminates the Original Franchise Agreement. The addendum is made between Precision Door Service SPV LLC and the franchisee. The Original Franchise Agreement granted the franchisee the right and obligation to operate a Precision Garage Door Service franchise using the marks and system within a specific territory.
The Renewal Addendum also terminates any Amendment to the Original Franchise Agreement executed on [2022], referred to as the "Legacy Amendment." This indicates that any prior modifications or updates to the original agreement are also superseded by the new Renewal Addendum.
For a prospective franchisee, this means that upon signing the Renewal Addendum, the Original Franchise Agreement and any associated amendments are no longer in effect. The Renewal Addendum outlines the terms and conditions under which the franchise will continue to operate, replacing the previous agreements. Franchisees should carefully review the Renewal Addendum to understand their rights and obligations going forward, as it governs the ongoing franchise relationship with Precision Door Service.