How long does a Bumble Roofing franchisee have to pay overdue amounts after receiving notice?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ded Franchisor determines in its sole and absolute discretion that Franchisee has met all of the following requirements:
- (a) Franchisee has not failed to remedy any breach of this Agreement specified by Franchisor in a written notice to Franchisee as per Sections 17.1 or 17.2;
- (b)
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
Based on the 2025 Bumble Roofing Franchise Disclosure Document, the agreement does not explicitly state a specific timeframe for a franchisee to remedy overdue amounts after receiving notice. However, the franchise agreement stipulates that to extend the agreement for a Successor Term, the franchisee must not have failed to remedy any breach specified in a written notice, as per Sections 17.1 or 17.2.
Additionally, the franchisee must be current in their payment obligations to Bumble Roofing, its affiliates, and their trade creditors to qualify for a Successor Term. This implies that any overdue amounts must be settled before the renewal can be considered.
While a specific number of days to remedy overdue payments is not mentioned, the franchisee's overall compliance with the agreement, including timely payments, is critical for maintaining a good standing with Bumble Roofing and securing a renewal of the franchise agreement. A prospective franchisee should clarify the exact cure period for overdue payments to avoid any potential breach of contract.