What costs are included in the Additional Cure fee that Crisp & Green may charge?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| believe that you have failed adequately to address or resolve any customer complaints, we may, without your consent, resolve any complaints to our satisfaction and charge you an amount sufficient to cover our reasonable costs and expenses in resolving the customer complaint. | |||
| Additional Cure | Our cost and expense if we take any action to cure any default by you under the Franchise Agreement, including costs of collection for unpaid amounts | Upon demand | Due only if you are in default under your Franchise Agreement, in which case you must reimburse us for the additional expenses we incur (including reasonable attorneys' fees) as a result of your default and to enforce and terminate your Franchise Agreement if necessary. |
| Expenses and | |||
| Collection Costs |
Source: Item 6 — OTHER FEES (FDD pages 15–22)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the Additional Cure fee covers Crisp & Green's costs and expenses if they take action to correct a default by the franchisee under the Franchise Agreement. This includes the costs of collecting unpaid amounts.
In practical terms, this means that if a Crisp & Green franchisee fails to meet their obligations under the agreement, such as not paying fees on time or violating operational standards, Crisp & Green may step in to rectify the situation. The franchisee will then be responsible for reimbursing Crisp & Green for all associated costs.
These costs can include expenses incurred to enforce and potentially terminate the Franchise Agreement, including reasonable attorney's fees. The Additional Cure fee is due upon demand from Crisp & Green, and it is only charged if the franchisee is in default of the Franchise Agreement.