What are the curable defaults that can lead to termination of a Big Blue Swim School franchise?

According to Big Blue Swim School's 2025 Franchise Disclosure Document, there are several curable defaults that could lead to the termination of the franchise agreement. A franchisee has 5 days to cure monetary, safety, and insurance defaults. They also have 10 days to cure rejection of a Qualified Site tendered to them, to satisfy unpaid judgments of at least $25,000, and to cure other defaults under the SaaS Agreement.

A Big Blue Swim School franchisee has 30 days to pay suppliers and to cure other defaults not specifically listed as non-curable. Additionally, a franchisee has 60 days to vacate any attachment, seizure, or levy of the School or appointment of receiver, trustee, or liquidator. The franchisee also has the time allowed by law to cure violations of material law.

Furthermore, Big Blue Swim School has the right to terminate the Franchise Agreement immediately upon written notice if the cost to repair damage to the School from a fire or other casualty exceeds a certain damage threshold, and the franchisee does not notify Big Blue Swim School within a reasonable time after the casualty that they either intend to repair the damage and operate the School or elect not to repair the damage and operate the School. These cure periods and conditions are important for a prospective franchisee to understand, as failure to address these defaults within the specified timeframes can result in the termination of their franchise agreement.