Where can I find the standard form of the Precision Door Service franchise agreement?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
The standard form of franchise agreement we are now offering is included in this disclosure document as Exhibit A (the "Franchise Agreement"). When we update our disclosure document, the form of franchise agreement and other agreements may change, fees and other obligations may increase, and the terms and conditions on which you may obtain a franchise may be less favorable as compared with a previous disclosure document.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–20)
What This Means (2025 FDD)
According to the 2025 Precision Door Service Franchise Disclosure Document, the standard form of the franchise agreement is included as Exhibit A. The document clarifies that the franchise agreement and other related agreements are subject to change. These changes may include increased fees and obligations, and the terms and conditions for obtaining a franchise may become less favorable compared to previous versions of the disclosure document. Therefore, it is important for a prospective franchisee to carefully review the current version of the franchise agreement.
Exhibit A provides the complete details of the agreement, outlining the franchisee's and franchisor's rights, responsibilities, and obligations. This includes specifics on fees, territory, training, and other critical aspects of the franchise relationship. Franchisees should pay close attention to these details to fully understand their commitments and the support they can expect from Precision Door Service.
It is also important to note that Precision Door Service may offer different franchise agreement terms to other franchisees, and they are not obligated to disclose these variations or grant similar terms to all franchisees, except as required by law. For private equity firms seeking to own multiple Precision Door Service franchises, there is a specific addendum (Exhibit N-1) that modifies certain terms of the standard Franchise Agreement. This highlights the importance of carefully reviewing all exhibits and addenda to the FDD to understand the specific terms that apply to your situation.