What is the 'Legacy Amendment' mentioned in the Legacy Renewal Rider 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 Legacy Amendment refers to an amendment to the Original Franchise Agreement executed in 2022. This amendment is referenced within the context of a Renewal Addendum with Termination of Franchise Agreement and Release, suggesting it plays a role in the renewal process for existing franchisees.
Specifically, the FDD mentions that the Renewal Addendum is made between Precision Door Service and the franchisee, acknowledging a prior Original Franchise Agreement and the Legacy Amendment. This implies that the Legacy Amendment may contain specific terms or modifications to the original agreement that are relevant during the renewal phase.
For a prospective franchisee, understanding the content of the Legacy Amendment is crucial, especially if they are considering acquiring an existing franchise. It would be prudent to request a copy of this amendment and clarify its implications for the franchise agreement's terms, conditions, and renewal options with Precision Door Service.