What cure period does a City Publications franchisee have for failing to make payments to the franchisor?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement shall terminate, at Franchisor's sole option, upon the occurrences of any of the following events and Franchisee's failure to cure within the specified time periods if:
- a.
Franchisee fails or refuses to make payments of any amounts due Franchisor or any Affiliate of Franchisor for Royalty, Mailing List Rental, Graphics Services, Appointment Services and Printing Brokerage Service Fees postage expenses, purchases from Franchisor or any Affiliate of Franchisor, or any other amounts due to Franchisor or any Affiliate of Franchisor, and does not correct such failure or refusal within five (5) days after written notice of such failure is delivered to Franchisee;
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, a franchisee has a five-day cure period to correct the failure or refusal to make payments of any amounts due to City Publications or its affiliates. This includes royalty fees, mailing list rental, graphics services, appointment services and printing brokerage service fees, postage expenses, purchases from City Publications or any affiliate, or any other amounts due. The cure period begins after written notice of the failure is delivered to the franchisee.
If the franchisee fails to correct the payment issue within the five-day cure period, City Publications has the option to terminate the franchise agreement. This short cure period underscores the importance of maintaining timely payments to avoid potential termination of the franchise.
It is important to note that this five-day cure period applies specifically to payment failures. Other types of defaults under the franchise agreement may have different cure periods, as outlined elsewhere in the FDD. Prospective franchisees should carefully review the entire franchise agreement to understand the cure periods associated with various potential defaults.