Under what circumstances can Crave Cookies Franchising terminate the agreement without a cure period?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) Without Cure Period.
Crave Cookies Franchising may terminate this Agreement by giving notice to Franchisee, without opportunity to cure, if any of the following occur:
(i) Franchisee misrepresented or omitted material facts when applying to be a franchisee, or breaches any representation in this Agreement;
(ii) Franchisee knowingly submits any false report or knowingly provides any other false information to Crave Cookies Franchising;
(iii) A receiver or trustee for the Business or all or substantially all of Franchisee's property is appointed by any court, or Franchisee makes a general assignment for the benefit of Franchisee's creditors, or Franchisee is unable to pay its debts as they become due, or a levy or execution is made against the Business, or an attachment or lien remains on the Business for 30 days unless the attachment or lien is being duly contested in good faith by Franchisee, or a petition in ba
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to the 2025 Crave Cookies Franchise Disclosure Document, Crave Cookies Franchising can terminate the franchise agreement without allowing the franchisee an opportunity to cure the issue under specific circumstances. These include misrepresentation or omission of material facts during the application process, or breaching any representation made within the agreement itself.
Additionally, Crave Cookies can terminate the agreement without a cure period if the franchisee knowingly submits false reports or provides false information to Crave Cookies Franchising. This provision underscores the importance of honesty and transparency in the franchisee's dealings with the franchisor.
Furthermore, Crave Cookies Franchising can terminate the agreement without a cure period if a receiver or trustee is appointed for the business or the franchisee's property, if the franchisee makes a general assignment for the benefit of creditors, is unable to pay debts as they become due, if a levy or execution is made against the business, or an attachment or lien remains on the business for 30 days (unless contested in good faith), or if a petition in bankruptcy is filed by the franchisee. These conditions relate to the franchisee's financial stability and adherence to legal and financial obligations.