Does the text mention any specific contract time is of the essence clauses related to C12 Group?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
If the C12 Group, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
New York and Rhode Island require that we provide you with this disclosure document at the earlier of the first personal meeting or ten business days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. Michigan requires that we provide you with this disclosure document ten business days before you sign a binding agreement with, or make payment to, it or one of its affiliates in connection with the proposed sale.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for C12 Group does not explicitly mention any "time is of the essence" clauses in its contracts. While the FDD includes information about the franchise agreement, franchisee obligations, and compliance with system standards, it does not specify any clauses that designate deadlines or timeframes as critical conditions of the agreement.
However, the FDD does state that if C12 Group offers a franchise, it must provide the disclosure document to the prospective franchisee 14 calendar days before they sign a binding agreement or make a payment. New York and Rhode Island require that C12 Group provide the disclosure document at the earlier of the first personal meeting or ten business days before signing a binding agreement or making a payment. Michigan requires that C12 Group provide the disclosure document ten business days before signing a binding agreement or making a payment.
Because the FDD does not provide information on time-sensitive contract clauses, prospective franchisees should directly ask C12 Group about any provisions in the Franchise Agreement that specify deadlines or consequences for failing to meet those deadlines. Understanding these terms is crucial for managing expectations and avoiding potential breaches of contract.