Who are the parties entering into 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 parties entering into the Renewal Addendum with Termination of Franchise Agreement and Release, also known as the "Addendum", are Precision Door Service SPV LLC, identified as the Franchisor, and the individual franchisee. The franchisor's principal place of business is located at 2395 Washington Avenue, Suite 5, Titusville, Florida 32780. The franchisee's address is to be individually provided.
The purpose of this addendum is related to a prior franchise agreement between Precision Door Service and the franchisee, under which the franchisee was granted the rights to operate a Precision Garage Door Service franchise within a specific territory. This original agreement is referenced as the "Original Franchise Agreement," potentially including an amendment executed in 2022 referred to as the "Legacy Amendment."
This addendum essentially modifies or terminates the original agreement while establishing new terms for the franchise relationship. Prospective franchisees should carefully review this addendum with legal counsel to understand their rights and obligations upon renewal or termination of their franchise agreement with Precision Door Service.