If not specified in the provision, where can the Belocal franchisee find the Cure Period?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
Except as provided in Sections 10.B. and 10.C. of this Agreement, upon any default by Franchisee which is capable of being cured, Franchisor may terminate this Agreement by giving Franchisee written notice of termination stating the nature of the default and the time period within which the default must be cured ("Cure Period").
Franchisee may avoid termination by immediately initiating a remedy to cure such default and curing it to Franchisor's satisfaction within the Cure Period (or any longer period that applicable law may require).
If any such default is not cured within the Cure Period, this Agreement shall terminate without further notice to Franchisee effective immediately upon the expiration of the Cure Period.
Unless included in the provision below, the Cure Period shall be specified in Franchisor's notice to Franchisee.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the cure period, which is the time a franchisee has to correct a default, will be specified in the written notice of termination that Belocal sends to the franchisee, unless it is already included in the specific provision related to the default. This notice will state the nature of the default and the time period the franchisee has to correct it.
The franchise agreement allows a Belocal franchisee to avoid termination by promptly starting to fix the default and completing the cure to Belocal's satisfaction within the given cure period. The agreement also notes that the cure period could be longer if required by applicable law. If the franchisee fails to correct the default within the cure period, the franchise agreement will terminate immediately without any further notice.
This means that a Belocal franchisee needs to pay close attention to any notice of termination received from Belocal and act quickly to understand the default and begin the process of correcting it within the specified timeframe. If the franchisee is unclear about the cure period or how to remedy the default, they should seek clarification from Belocal immediately to avoid termination of the franchise agreement.