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Renewal Terms
RENEWAL TERMS
The franchiser, [Name of the franchiser], and the franchisee, [Name of the franchisee], as set forth in their franchise agreement on [Date of the agreement] and as witnessed by [Name of the witness], have agreed to the following additional terms and conditions:
The contractual agreement between franchise and franchiser will be effective from [Start date of the contractual agreement] for [End date of the contractual agreement] with the exception that franchiser chooses to conclude agreement. The franchisee, unless in violation of agreement may be granted an extension for the following [Period for the extension] if franchiser is provided a request writing of its intent by at least [Advance notice period in days to request extension].
Franchiser Dated
Franchisee Dated
Witness Dated
Witness Dated