Under what conditions can Southern Steer waive obligations or restrictions for franchisees?

According to Southern Steer's 2025 Franchise Disclosure Document, if Southern Steer chooses to waive its rights to collect any amounts that would have become due if the franchisee had continued in business for the initial term of the agreement, the franchisee will be required to sign a general release in favor of the franchisor. This indicates that Southern Steer may be willing to waive certain financial obligations under specific circumstances, but it requires a formal release from the franchisee to protect its interests. This clause ensures that Southern Steer can recover any potential losses if a franchisee defaults on their agreement.

Additionally, the FDD states that the franchisor has the option to issue a Waiver Notice if the franchisee intends to transfer or dispose of any interest in the Southern Steer business or major assets. The franchisor has 30 days after receipt of the Franchisee's Offer to give the Franchisee written notice of the Franchisor's desire to either waive its option to purchase.

These conditions provide Southern Steer with some flexibility in managing its franchise relationships while also protecting its brand and financial interests. A prospective franchisee should carefully consider these provisions and understand the circumstances under which waivers may be granted or required.