If Degree Wellness elects to cure a default, how long does it have to do so?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisor elects to cure the default and assume the Lease, Franchisor, within 10 days of its receipt of notice from Landlord, shall notify Landlord of its intent to cure such default and to assume the Lease.
If Franchisor elects to cure the default, it shall cure the default within 30 days of such election or, if the default cannot be reasonably cured within such 30-day period, then Franchisor will commence and proceed to cure the default within such time as is reasonably necessary to cure the default.
Source: Item 23 — Receipts (FDD pages 66–257)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, if Degree Wellness elects to cure a default related to the lease and assume the lease, it must notify the landlord of its intent within 10 days of receiving notice from the landlord.
Degree Wellness then has 30 days from the election to cure the default. However, if the default cannot be reasonably cured within 30 days, Degree Wellness must commence and proceed to cure the default within a time frame that is reasonably necessary to complete the cure.
This section pertains specifically to defaults under the lease agreement, not necessarily all types of defaults under the franchise agreement. It outlines the process and timeframe Degree Wellness has if it chooses to step in and take over the lease to maintain control of the location, which is a fairly standard clause in franchise agreements to protect the brand's real estate interests.