Is violating any Applicable Law considered an Event of Default for a Camp Margaritaville franchise?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) Franchisee violates any Applicable Law;
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, violating any Applicable Law is considered an Event of Default. Specifically, if a franchisee violates any Applicable Law, the franchisor has the right to exercise remedies, including terminating the franchise agreement.
This means that franchisees must ensure they are compliant with all relevant laws, which could include federal, state, and local regulations. Failure to comply with these laws could result in the termination of the franchise agreement, which would lead to a loss of the business.
It is important for prospective franchisees to fully understand and comply with all Applicable Laws to avoid potential default and termination of their Camp Margaritaville franchise agreement.