What is the cure period for a Dermani Medspa franchisee's failure 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 the 2025 Dermani Medspa Franchise Disclosure Document, if a franchisee fails to repay Dermani Medspa for insurance that Dermani Medspa has paid on their behalf, the franchisee has thirty (30) days to correct the failure after receiving written notice.
This means that if a Dermani Medspa franchisee does not maintain the required insurance coverage, Dermani Medspa can obtain insurance on the franchisee's behalf. The franchisee is then responsible for reimbursing Dermani Medspa for the premiums, costs, and expenses incurred, plus a ten percent (10%) administrative fee. If the franchisee fails to make this reimbursement, Dermani Medspa will provide written notice of the failure.
The franchisee then has a 30-day cure period to repay Dermani Medspa. Failure to repay within this timeframe could lead to further action by Dermani Medspa, including potential termination of the franchise agreement.