What schedule specifies the number of Precision Door Service businesses that must be developed?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
NOW, THEREFORE, the parties, in consideration of the undertakings and commitments of each party to the other party set forth herein, agree as follows:
1. GRANT OF RIGHTS; RESERVATION OF RIGHTS
- 1.1 We hereby grant you the right, and you hereby accept the obligation, pursuant to the terms and conditions of this Agreement, to develop multiple Businesses within the area described in Schedule A to this Agreement (the "Development Area"; the Development Area specifically excludes any geographic territory that has previously been gra
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to the 2025 Precision Door Service FDD, the schedule that specifies the number of businesses a developer must establish is Schedule A of the Development Agreement. This schedule is crucial for developers as it outlines their obligations for opening multiple Precision Door Service locations within a defined territory.
The Development Agreement grants the developer the right and imposes the obligation to develop multiple Precision Door Service businesses within a specific area. This area is detailed in Schedule A of the agreement, defining the geographic boundaries within which the developer must establish these businesses.
This schedule is important because it sets clear expectations for both Precision Door Service and the developer regarding the pace and extent of expansion. It ensures that the developer is committed to growing the brand's presence in the designated area, while also providing the developer with exclusive rights to that territory, subject to meeting the development obligations. The Development Area specifically excludes any geographic territory that has previously been gra.