Under what circumstances can the B Bops agreement be terminated immediately upon receipt of written notice by the Developer?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
- B. Upon occurrence of any of the events set forth above, Company may, without prejudice to any other rights or remedies contained in this Agreement or provided by law or equity, terminate this Agreement by notice to Developer. Such termination shall be effective immediately upon receipt of written notice by Developer if the default is an event specified in paragraphs (1) through (6) above, to which no right of cure exists. Termination shall be effective thirty (30) days after receipt of written notice by Developer if the default is an event specified in paragraph (7) above and such default is not cured to Company's satisfaction within such period.
Source: Item 23 — RECEIPTS (FDD pages 53–145)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the company can terminate the agreement with the Developer immediately upon receipt of written notice if the default is an event specified in paragraphs (1) through (6). The document does not specify what those events are.
This means that B Bops has the right to immediately terminate the agreement under certain default conditions, without providing the Developer an opportunity to cure the default. The Developer would receive written notice, and the termination would be effective immediately.
As a prospective franchisee, it is crucial to understand what constitutes a default under paragraphs (1) through (6) of the agreement. You should carefully review the franchise agreement and seek clarification from B Bops regarding these specific default events to fully understand the circumstances under which your agreement could be immediately terminated.