If the reason for termination, cancellation, nonrenewal or substantial change in competitive circumstances is nonpayment of sums due under the Franchise Agreement, how many days does a Crisp & Green franchisee have to remedy such default in Rhode Island?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
If the reason for termination, cancellation, nonrenewal or substantial change in competitive circumstances is nonpayment of sums due under the Franchise Agreement, Franchisee shall be entitled to written notice of such default, and shall have 10 days in which to remedy such default from the date of delivery or posting of such notice.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, an addendum to the franchise agreement exists for the state of Rhode Island. This addendum modifies the standard agreement to comply with Rhode Island statutes and regulations.
Specifically, regarding termination due to nonpayment, if the reason for termination, cancellation, nonrenewal, or substantial change in competitive circumstances is nonpayment of sums due under the Franchise Agreement, a Crisp & Green franchisee in Rhode Island is entitled to written notice of the default.
The franchisee then has 10 days from the date of delivery or posting of such notice to remedy the default. This timeframe supersedes any conflicting requirements in the standard Franchise Agreement, providing a specific protection for franchisees operating in Rhode Island regarding non-payment related terminations.