A key factor in the franchise's longevity is likely to be the renewal decisions by a number of its extremely large members whose
franchise agreements expire in the next year or two.
Roger Holler III, group vice president, said both dealerships will remain open until Oct. 31, 2010, when
the franchise agreements expire.
After
the franchise agreement expired in January 2015, the corporate franchisee de-branded the business and continued to operate it on the premises under a different name but with the same merchandise and employees.
Brookfield had the right to renew the right of existing franchisees to operate under the Prudential name for up to five years, but only if
their franchise agreements expired on or before Dec. 6, 2013.
Not exact matches
Every time a lease is due for renewal or a
franchise agreement is set to
expire, it's always a great time to look at your portfolio and see if it makes sense to keep it, close it or remodel it.
The ruling, which introduces penalty rates to more than 22,000 employees across 450 stores, is one of the first major
agreements to be terminated following reports
franchises and retailers are paying below the award through
expired deals with the Shop Distributive and Allied Employees Association.
The Fair Work Commission has axed Domino's Pizza's long
expired agreements that paid thousands of workers significantly below minimum rates, leaving the
franchise facing tens of million of dollars in higher labour costs.
And while
franchise agreements are a convenient bête noir — they won't
expire until July 2020 — that they came up at all is a signal that some common policy consensus is starting to trickle into the city's political establishment.
Decorah's
franchise agreement with Interstate
expires at the end of May, and some clean energy advocates have suggested that as part of renewing the contract, the city might negotiate some changes in the way Interstate delivers power to Decorah.
The
agreements were due to
expire simultaneously and by letter sent, at the last possible moment, Apollo served notice that the
franchise agreements would not be renewed because of alleged breaches of contract and because the franchisee had failed to serve their renewal notices within the period specified by their
franchise agreements.
For Prudential contracts
expiring within the next two years, affiliates will have the option to renew and continue to use the Prudential Financial, Inc. brand for an additional renewal period, but consistent with the provisions of their
franchise agreements.