What is the timeframe for a Bumble Roofing franchisee to discharge an execution levied against their business?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
(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) Franchisee has not committed and received notice of two or more breaches of this Agreement in the 12 months prior to the end of the current Initial Term, even if such breaches were timely remedied;
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the timeframe for a Bumble Roofing franchisee to discharge an execution levied against their business is not explicitly detailed in the provided excerpts. The FDD does not specify a particular number of days or a specific period within which a franchisee must resolve an execution levied against the business.
However, the document does outline conditions related to breaches of the agreement. Specifically, Section 3.1(a) and (b) in Item 22 state that a franchisee's failure to remedy any breach specified by the franchisor in a written notice, or committing two or more breaches of the agreement within a 12-month period, can impact the franchisee's ability to extend the franchise term. While not directly addressing executions, these clauses highlight the importance of addressing any defaults or breaches promptly to maintain a good standing with Bumble Roofing.
To fully understand the implications of an execution levied against the business and the required timeframe for resolution, a prospective Bumble Roofing franchisee should seek clarification from the franchisor. Inquiring about specific policies or procedures related to financial or legal issues, such as executions, will provide a clearer picture of the franchisee's obligations and potential consequences.