What is the consequence if a Dermani Medspa franchisee fails to repay Dermani Medspa for insurance paid on their behalf?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.2.9. you fail to maintain the insurance we require, or you fail to repay us for the insurance that we have paid on your behalf and you do not correct the failure within thirty (30) days after we deliver written notice of that failure to you;
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, if a franchisee fails to repay Dermani Medspa for insurance premiums that Dermani Medspa paid on their behalf, the franchisee is considered in default of the Franchise Agreement.
Specifically, the franchisee has thirty (30) days after receiving written notice of the failure to repay the insurance premiums to correct the failure. If the franchisee does not correct the failure within this 30-day period, Dermani Medspa has grounds to terminate the Franchise Agreement.
This means that Dermani Medspa franchisees must ensure timely repayment of any insurance premiums paid by Dermani Medspa on their behalf to avoid potential termination of their franchise agreement. Franchisees should maintain clear communication with Dermani Medspa regarding insurance matters and address any payment issues promptly to remain in compliance with the agreement.