Our founder, Joseph J. Frohnhoefer, has been working in this industry since 1983. He has been our president since its inception. We are an affiliate system made up of licensees who have offered services similar to those you have provided. We will offer such licensees a conversion program to convert them into franchisees as soon as our registration has been approved by the State Department of New York («Conversion Program»). Licensees who do not convert will continue to work under their existing license agreements until those license agreements expire or are terminated in accordance with their terms. Visit us at Sea Tow`s head office to meet the Sea Tow team who guide you through the responsibilities of a Sea Tow franchisee as well as those of Sea Tow Services International as franchisors. Discover the benefits of becoming the world leader in naval assistance. Start the interview process which I hope will lead to becoming the owner of the franchise. 20% of all situations in which a contract or other agreement is concluded in advance before an environmental situation The initial franchise fee (and each additional franchise membership assessment) is payable when signing the franchise agreement. Upon written request from you and after demonstrating a financial need and providing adequate guarantees, we allow a payment of the initial fairy franchise over five years at an interest rate of 12.5% per year.
This payment plan is established by a debt instrument executed in person. We have never offered franchises before. But since 1983, we have been offering licenses for the operation of the Sea Tow business in different geographical areas. These licenses are not franchises as defined by the State Department of New York in 1989. Unless Sea Tow notifies you elsewhere for reasons in Sea Tow`s sole discretion, your Sea Tow and/or Trailer Care subscription(s) will automatically and annually extend under this Agreement. Therefore, your member(s) automatically renews by an additional year each year (14) days before the end of your membership, unless you have decided to terminate your participation in the auto-renewal program at least twenty (20) days before the expiration date of your membership period. 9.1 Each component of the system is essential for the franchisee, for the network of other franchisees of the AOR borders, we set exclusively on the basis of our internal policies regarding the service of the members, the reciprocal towing fund and the performance criteria of the franchisee. . . .