What section of the Crawlspace Medic Franchise Agreement defines 'cause' for curable defaults?

According to the 2024 Crawlspace Medic Franchise Disclosure Document, curable defaults are defined in Section 17.3 of the Franchise Agreement. This section stipulates that a franchisee has 5 days to cure non-payments and any other defaults, except for non-curable defaults which are listed elsewhere in the Franchise Agreement.

This is a standard clause in franchise agreements, allowing the franchisee an opportunity to correct minor infractions before the franchisor takes more drastic action like termination. The distinction between curable and non-curable defaults is important. Non-curable defaults typically involve more severe breaches of the agreement, such as insolvency or criminal activity, which do not allow for a cure period.

Prospective Crawlspace Medic franchisees should carefully review Section 17.3, as well as the sections defining non-curable defaults, to fully understand their obligations and the potential consequences of failing to meet them. Understanding the specific types of defaults and the allotted cure periods is crucial for maintaining a healthy franchisor-franchisee relationship and avoiding potential termination of the agreement.