What is the effective date of the Legacy Renewal Rider for Precision Door Service related to?
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 Franchise Disclosure Document, the Renewal Addendum with Termination of Franchise Agreement and Release references the Original Franchise Agreement's date and a Legacy Amendment executed in 2022. This addendum is an agreement between Precision Door Service SPV LLC, identified as the Franchisor, and the Franchisee. It acknowledges a prior franchise agreement between both parties, under which the Franchisor granted the Franchisee the rights and obligations to operate a Precision Garage Door Service franchise using the brand's marks and system within a specific territory.
The purpose of the addendum is to document the terms of the franchise agreement, including any amendments made to it. Specifically, it mentions an Amendment to the Original Franchise Agreement executed in 2022, referred to as the "Legacy Amendment." This indicates that the franchise agreement has been modified at least once before the current renewal addendum.
For a prospective franchisee, this information highlights the importance of understanding the full history of the franchise agreement, including any prior amendments. It suggests that the terms and conditions of the franchise relationship may have evolved over time, and it is crucial to review all relevant documents to fully grasp the current obligations and rights. A potential franchisee should request and carefully examine the Original Franchise Agreement, the Legacy Amendment from 2022, and the current Renewal Addendum to understand the complete picture of their contractual relationship with Precision Door Service.