What is the timeframe allowed to satisfy a final judgment against a Bojangles franchisee before it constitutes a default?

According to Bojangles's 2025 Franchise Disclosure Document, a franchisee has 30 days to satisfy a final judgment against them. If the judgment remains unsatisfied or of record for 30 days or longer, and a supersedeas bond is not filed, it constitutes a default under the Franchise Agreement.

This means that if a court issues a final judgment against a Bojangles franchisee, the franchisee must take action to resolve the judgment within 30 days to avoid being in default. This can be done by paying the judgment, appealing the judgment and obtaining a stay of enforcement, or filing a supersedeas bond. A supersedeas bond is a type of surety bond that a court may require from an appellant who wants to delay payment of a judgment until the appeal is decided.

Failure to satisfy the judgment within the specified timeframe allows Bojangles to pursue remedies outlined in the Franchise Agreement, which may include termination of the agreement. This clause protects Bojangles from potential financial and reputational damage that could arise if a franchisee has outstanding legal judgments against them.