Document ID: chunk:federal_register_of_legislation:F2024L01605:clause:1_18:p2
Version: federal_register_of_legislation:F2024L01605
Segment Type: clause
Provision Reference: sch 1 cl 18 (pt 2/2)
Character Range: 166694–168074

agreement. At the end of the franchise agreement, the franchisor may, but does not have to, extend the term of the agreement. If the franchisor does not extend the term of the agreement, the franchise agreement ends and the franchisee no longer has a right to carry on the franchised business.
 (4) If the franchisee cannot extend the term of the franchise agreement, the following statement must be included in bold 12 point type:
  The franchisee cannot extend the term of the franchise agreement. At the end of the franchise agreement, the franchisor may, but does not have to, extend the term of the agreement. If the franchisor does not do so, the franchise agreement ends and the franchisee no longer has a right to carry on the franchised business.
 (5) If the franchisee:
 (a) does not have the option to renew the franchise agreement; and
 (b) cannot extend the term of the franchise agreement;
the following statement must be included in bold 12 point type:
  The franchisee does not have the option to renew the franchise agreement and cannot extend the term of the franchise agreement. At the end of the franchise agreement, the franchisor may, but does not have to, extend the term of the agreement. If the franchisor does not extend the term of the agreement, the franchise agreement ends and the franchisee no longer has a right to carry on the franchised business.