What costs can Care Plus Medical UCC charge to the franchisee for curing a default?

According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, if a franchisee defaults under the franchise agreement, they will be responsible for reimbursing Care Plus Medical UCC for all costs and expenses associated with the actions taken to address the default. This includes any internal costs that Care Plus Medical Ucc incurs. In addition to covering the costs and expenses, Care Plus Medical Ucc will also charge the franchisee an administrative fee of 10% of the total costs.

This means that if a Care Plus Medical Ucc franchisee fails to meet their obligations under the franchise agreement, they will not only have to rectify the default but also bear the financial burden of Care Plus Medical Ucc's efforts to remedy the situation. The 10% administrative fee further increases the financial impact on the franchisee.

For a prospective franchisee, this highlights the importance of adhering to the terms of the franchise agreement to avoid default. It also underscores the need to have sufficient financial resources to cover potential costs associated with curing a default, including the administrative fee. Franchisees should carefully review the default provisions in the franchise agreement and seek legal counsel to fully understand their obligations and potential liabilities.