What is the procedure for B Bops to terminate the franchise agreement with advance notice and cure period?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
after giving Franchisee written notice specifying any of the following events of default if such default has not been cured to the satisfaction of Company within the period specified below:
(1) Franchisee fails to pay when due any fee or other payment required to be made to Company or its affiliates under the provisions of this Agreement or under the provisions of any other agreement between the parties relating to the Franchise, and such default is not cured within ten (10) days of the date on which notice is given by Company; or
(2) Franchisee fails to perform or observe any covenant or obligation imposed by this Agreement to be observed or performed by Franchisee, and such default is not cured within thirty (30) days of the date on which notice is given by Company.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, B Bops may terminate the franchise agreement with advance written notice if the franchisee fails to meet certain obligations, provided the franchisee is given an opportunity to cure the default.
Specifically, B Bops will provide written notice specifying the event of default. If the franchisee fails to pay any fees or other payments required under the agreement within ten days of the notice date, B Bops can terminate the agreement. Additionally, if the franchisee fails to perform or observe any covenant or obligation imposed by the agreement, and does not cure this within thirty days of the notice date, B Bops can also terminate the agreement.
This means that a B Bops franchisee has a limited time frame to correct any failures to meet contractual obligations after receiving notice from B Bops. Failure to cure within the specified period can result in the termination of the franchise agreement. It is important for a prospective franchisee to understand these conditions and ensure they can meet all obligations to avoid potential termination.