What is the cure period for non-payment of Continuing Service Fees to Bumper Man?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- (xi) Franchisee fails to pay any Continuing Service Fees or other amounts due hereunder to Franchisor within five days after Notice of nonpayment is delivered to Franchisee, or if Franchisee or its Affiliate fails to pay any amounts due to Franchisor under any promissory note or other written instrument and fails to cure such nonpayment within the time period prescribed therein;
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, a franchisee has a limited time to cure non-payment of Continuing Service Fees. Specifically, if a Bumper Man franchisee fails to pay Continuing Service Fees or other amounts due to Bumper Man, they have five days to cure the non-payment after receiving notice of the nonpayment.
This five-day cure period is triggered only after Bumper Man delivers a notice of nonpayment to the franchisee. It is important to note that this cure period applies specifically to Continuing Service Fees and other amounts due to Bumper Man under the agreement.
If the franchisee fails to cure the non-payment within this five-day period, Bumper Man has grounds to terminate the franchise agreement. This highlights the importance of franchisees maintaining timely payments to avoid potential termination of their franchise agreement.