Under what conditions can Crown Gold Exchange terminate the franchise agreement with cause?

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the franchise agreement can be terminated with cause, subject to any applicable notice and cure opportunity. The grounds for termination with cause are divided into curable and non-curable defaults.

Curable defaults include non-payment, where the franchisee has 10 days to cure, and violating any other term of the franchise agreement, other than a non-curable default, where the franchisee has 30 days to cure the violation.

Non-curable defaults include misrepresentation when applying to be a franchisee, knowingly submitting false information, bankruptcy, losing possession of the location, violating a law, violating confidentiality or non-compete agreements, violating transfer restrictions, slandering or libeling Crown Gold Exchange, refusing to cooperate with a business inspection, ceasing operations for more than 5 consecutive days, having three defaults within 12 months, cross-termination, conviction of or pleading to a felony, commission or accusation of an act that is reasonably likely to materially and unfavorably affect the brand, or any other breach of the franchise agreement which by its nature cannot be cured. If a franchisee also signs a Multi-Unit Development Agreement (MUDA), failure to meet the development schedule or violating the franchise agreement or other agreement that gives Crown Gold Exchange the right to terminate it are also grounds for termination.