Diary the 14 days before a franchise is renewed or extended
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Record the date the renewal or extension documents were given, and count 14 days from that date. Note that the page describes them as the same documents given to a prospective or new franchisee. Do not treat the period as a right to end the agreement.
- What the lawyer must review
- The lawyer decides when the documents were given and whether the waiting period has finished. If a franchisee is renewing or extending, the franchisor must give the same documents given to prospective and new franchisees. After those documents are given, there is a mandatory 14-day waiting period before the agreement can be renewed or extended. The franchisee should look for changes since the last agreement. This 14 days is a wait before renewal or extension. It is not the 14 days to end an agreement after lease documents arrive, and it is not the timetable before a person first enters a franchise. The page does not list the documents on this screen.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Do not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- The 14 days start when the renewal or extension documents are given, not when lease documents arrive.
- The agreement is not renewed or extended during that wait.
- The count is not a right to end the agreement and not the timetable before a first entry.
Related tasks
Draft or review a franchise disclosure document against the prescribed headingsCheck the franchisor's disclosure and any registration the jurisdiction requiresDraft or review a franchise agreement from the disclosure and the term sheetBuild a franchisee due-diligence issues list from the disclosure pack