Does Crawl Space Ninja provide notice before terminating the Franchise Agreement for non-curable defaults?

According to the 2024 Crawl Space Ninja Franchise Disclosure Document, the Franchise Agreement will terminate automatically, without notice, for non-curable defaults. These defaults include events such as insolvency, bankruptcy, a written admission of inability to pay debts, receivership, levy, composition with creditors, an unsatisfied final judgment for more than 30 days, or a foreclosure proceeding that is not dismissed within 30 days.

Crawl Space Ninja can terminate the Franchise Agreement with notice if the franchisee does not open the Franchised Business within the required time frames, falsifies any report, ceases operations for 5 or more days (unless the vehicle is being repaired/replaced), fails to restore and re-open the Franchised Business within 120 days after a casualty, fails to comply with applicable laws, defaults under any lease for the premises, understates Gross Revenue two or more times, fails to comply with insurance and indemnification requirements, attempts an unauthorized transfer, or fails to transfer as required upon death or permanent disability.

Additional reasons for termination with notice include misrepresenting or omitting a material fact in applying for the franchise, conviction of a felony or crime that could damage goodwill, receiving an adverse judgment involving fraud or similar claims, concealing revenues or maintaining false books, creating a threat to public health or safety, refusing an inspection or audit, unauthorized use of Marks or Confidential Information, failure to comply with non-competition covenants, defaulting three or more times during the term or receiving two or more default notices in any 12-month period, defaulting under any other agreement with Crawl Space Ninja, having insufficient funds to honor a check or EFT two or more times within any twelve-month period, failing to maintain Minimum Performance Requirements in any single year of operation, failing to maintain a minimum four-star rating on Google Reviews, or terminating the Franchise Agreement without cause.

This means a Crawl Space Ninja franchisee needs to be aware of these potential non-curable defaults that could lead to immediate termination without any prior warning. It is important to maintain financial stability and operate the franchise in accordance with the agreement to avoid such defaults.