What is the initial term length of the PROTRADENET Agreement for Precision Door Service franchisees?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is acknowledged by all parties, the parties hereto agree to the following terms and conditions:
-
- Term and Default. The term of this Agreement shall commence on __________________________ and end on December 31 of this year and the Agreement will automatically renew for an additional one (1) calendar year period each year thereafter, commencing on January 1 of next year and each January 1st thereafter, unless earlier terminated in accordance with this Agreement.
Notwithstanding the foregoing, PROTRADENET may terminate this Agreement at any time, with or without cause, for any reason whatsoever upon providing the other party written notice of intent to terminate the Agreement and this agreement will automatically terminate upon expiration or termination of the franchise agreement by and between Franchisee and Franchisor with no notice of termination required.
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to the 2025 Precision Door Service FDD, the PROTRADENET Agreement's initial term starts on a date specified in the agreement and ends on December 31 of the same year. After the initial term, the agreement automatically renews for an additional one-year period, beginning on January 1 of the following year and each January 1st thereafter. This automatic renewal continues unless the agreement is terminated earlier, according to its terms.
However, Precision Door Service notes that PROTRADENET can terminate the agreement at any time, with or without cause, by providing written notice. Additionally, the PROTRADENET agreement will automatically terminate if the franchise agreement between the franchisee and Precision Door Service expires or is terminated, without requiring any additional notice.
For a prospective Precision Door Service franchisee, this means the PROTRADENET agreement's term is tied to the underlying franchise agreement. If the franchise is terminated, the PROTRADENET agreement also ends. The franchisee should be aware that while the agreement renews annually, PROTRADENET has the right to terminate it at any time, which could impact the franchisee's access to the e-commerce platform and vendor relationships facilitated by PROTRADENET.