The renewal clause in a franchise agreement specifies the terms and conditions under which the franchisee can renew their agreement for an additional term. This clause usually includes requirements for meeting performance standards, timing of the renewal notice, and any changes to fees or operational procedures. Franchisees should pay attention to the renewal clause to understand their long-term rights and obligations, as well as the process for continuing their business under the franchise system.
Renewal Clause
This term
The renewal clause outlines the terms for renewing a franchise agreement after its initial term.
Joe Bailey
Lead Franchise Advisor & Owner
At Franchise Reports, the goal is simple: help you find better franchises.
