What is the cure period for termination of the Dryer Vent Squad agreement in Minnesota?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
- C. Item 17, "Renewal, Termination, Transfer and Dispute Resolution," Item 17 is supplemented by the addition of the following: With respect to franchises governed by Minnesota law, we will comply with Minn. Stat. Sec. 80C.14, Subds. 3, 4 and 5, which require, except in certain specified cases, that you be given 90 days- notice of termination (with 60 days to cure) and 180 days-notice of non-renewal of the Agreement.
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad FDD, Minnesota franchisees are entitled to specific termination and non-renewal rights under Minnesota law. Except in certain specified cases, Dryer Vent Squad must provide a Minnesota franchisee with 90 days' notice of termination, during which the franchisee has 60 days to cure the issue. Additionally, Dryer Vent Squad must provide 180 days' notice of non-renewal of the agreement.
This amendment ensures that Dryer Vent Squad complies with Minnesota Statutes Section 80C.14, Subdivisions 3, 4, and 5, which outline the notice requirements for termination and non-renewal. The inclusion of a cure period is a significant protection for franchisees, allowing them an opportunity to rectify any issues before the franchise is terminated. This is more favorable than some franchise agreements, which may allow for immediate termination in certain circumstances.
Prospective Dryer Vent Squad franchisees in Minnesota should be aware of these specific protections afforded to them by state law. It is important to understand the circumstances under which termination can occur and the steps required to cure any potential defaults. This knowledge can help franchisees protect their investment and ensure fair treatment under the franchise agreement.