What is the cure period allowed for a breach of the Afuri Ramen Dumpling agreement?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Landlord will give written notice to Franchisor (concurrently with the giving of notice to Tenant) of any breach by Tenant under the Lease Agreement. Franchisor will have the right (but not obligation), in Franchisor's sole discretion, to cure any breach at Tenant's expense within 15 business days after the expiration of the period in which Tenant had to cure the default. Notice will be sent to the following address, or to the address Franchisor may, from time to time, specify in writing to Landlord:
AFURI FRANCHISE INC.
923 SE 7th Ave.
Portland, Oregon 97201
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, if a Landlord provides written notice to Afuri Ramen Dumpling (concurrently with the notice to the tenant) of any breach by the tenant under the Lease Agreement, Afuri Ramen Dumpling has the right, but not the obligation, to cure the breach at the tenant's expense. Afuri Ramen Dumpling has 15 business days after the expiration of the period in which the tenant had to cure the default to do so.
This means that if an Afuri Ramen Dumpling franchisee violates their lease agreement, the landlord must notify Afuri Ramen Dumpling at the same time they notify the franchisee. This gives Afuri Ramen Dumpling the opportunity to step in and resolve the issue, protecting their brand and the franchisee's location.
It is important to note that Afuri Ramen Dumpling is not obligated to cure the breach, and they will only do so at the franchisee's expense. This clause in the franchise agreement and lease agreement is designed to protect Afuri Ramen Dumpling's interests while giving them some control over the leased location. The address for notices to Afuri Ramen Dumpling is 923 SE 7th Ave., Portland, Oregon 97201.