What criminal convictions of a Brain Balance franchisee's personnel can lead to termination of the franchise agreement?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
- 17.03. (a) Upon the occurrence of an Event of Default, COMPANY, at its option, may terminate this Agreement on five (5) days' written notice (or a notice for a longer period of time as may be required by the law of the jurisdiction in which FRANCHISEE's Center is located) without a right to cure, and this Agreement, together with the Franchise granted hereunder, shall thereupon expire.
Source: Item 22 — CONTRACTS (FDD pages 70–72)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific types of criminal convictions of Brain Balance franchisee personnel that could lead to termination of the franchise agreement are not detailed in the provided excerpts. The document does outline various events of default that could lead to termination, but it does not specify criminal convictions as one of them.
Item 17.03(a) mentions that upon the occurrence of an Event of Default, Brain Balance may terminate the agreement with five days written notice. However, the excerpts do not list the specific events that constitute an Event of Default.
A prospective Brain Balance franchisee should ask the franchisor for a comprehensive list of actions or omissions by a franchisee or their personnel, including specific criminal convictions, that would constitute an Event of Default and could lead to termination of the franchise agreement. This information is crucial for understanding the risks and responsibilities associated with the franchise.