What is the due date for the Additional Cure fee charged by Crisp & Green?
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 is due upon demand. This fee is imposed to cover Crisp & Green's costs and expenses if they take action to correct any default by the franchisee under the Franchise Agreement. These costs can include collection costs for unpaid amounts.
This means that if a Crisp & Green franchisee fails to meet their obligations under the Franchise Agreement, such as paying royalties on time or adhering to operational standards, Crisp & Green may step in to rectify the situation. The franchisee will then be required to reimburse Crisp & Green for all reasonable expenses incurred during the cure process.
Since the fee is due upon demand, Crisp & Green can request immediate payment for these expenses. It is important for prospective franchisees to understand that these fees are in addition to any other remedies available to Crisp & Green and can arise from various defaults under the Franchise Agreement. Therefore, maintaining compliance with the agreement is crucial to avoid incurring these potentially significant costs.