Under the Bevaris Alliance agreement, who receives the written notice of termination for cause?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
18.1 Termination for cause by Franchisor. The Franchisor may terminate this agreement with immediate effect (or following such notice period as it sees fit) without prejudice to any of its rights or remedies, by giving written notice to the Franchisee and the Individual if:
18.2 Termination for Cause by Franchisee. The Franchisee may terminate this agreement with immediate effect (or following such notice period as it sees fit) without prejudice to any of its rights or remedies, by giving written notice to the Franchisor if:
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, if Bevaris Alliance terminates the franchise agreement for cause, written notice will be provided to both the Franchisee and the Individual. The 'Individual' is defined earlier in the document as the person named in the franchise agreement who is associated with the Franchisee.
This means that if Bevaris Alliance decides to terminate the agreement due to a breach or other cause, both the business entity (Franchisee) and the individual associated with that entity will receive formal written notification. This ensures that all relevant parties are informed of the termination and the reasons behind it.
Conversely, if the Franchisee chooses to terminate the agreement for cause, written notice is given to Bevaris Alliance. This dual notification approach ensures transparency and proper communication between both parties in the event of a termination.