What constitutes a default of a provision of the Clear Pest Pros promissory note?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C TO THE FRANCHISE DISCLOSURE DOCUMENT
CONFIDENTIALITY/NON-DISCLOSURE AGREEMENT
With respect to determining the feasibility of whether or not to purchase a Clear Pest Pros franchise, Safer Home Services International, LLC, is prepared to provide you with certain financial, business, marketing, and operational information concerning the business operations of Safer Home Services International, LLC.
We are able to provide you this information with your explicit understanding and agreement that you recognize and agree that this information is confidential and valuable, and that this information constitutes special and unique proprietary rights and assets of Safer Home Services International, LLC.
Source: Item 22 — CONTRACTS (FDD pages 67–68)
What This Means (2025 FDD)
I am unable to provide information about what constitutes a default of a provision of the Clear Pest Pros promissory note, according to the 2025 Franchise Disclosure Document. While Item 22 discusses contracts and termination conditions, it does not include the specific terms and conditions of the promissory note itself. The document references a promissory note in Exhibit C, but the excerpt provided only includes a Confidentiality/Non-Disclosure Agreement.
To fully understand the circumstances that would trigger a default, a prospective Clear Pest Pros franchisee should carefully review the full promissory note and seek legal counsel.
Specifically, the franchisee should ask the franchisor for a complete copy of the promissory note and clarification on what actions or omissions would be considered a default, as well as the remedies available to the franchisor in the event of a default.