What is the timeframe for satisfying a judgment against a Dryject franchisee to avoid being in breach of the agreement?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
As a result, You acknowledge and agree that the occurrence of any of the following events, each or any of which shall be considered a Material Breach default of this Agreement, constitutes reasonable grounds for termination of this Franchise Agreement by Us; provided, however that You shall be given the opportunity, within fifteen (15) days after receipt of written notice of such Material Breach, to cure the default by promptly providing proof of cure to Us.
Notwithstanding the foregoing, if the breach is curable but is of a nature which cannot reasonably be cured within such fifteen (15) day period and You have commenced and are continuing to make good faith efforts to cure the breach, You shall be given an additional reasonable period of time to cure the default, and this Agreement shall not terminate.
If any such default is not cured within the time as specified by Us, this Agreement shall terminate effective immediately without further notice to You.
You shall be in default under this Agreement for failure to comply with any of the requirements imposed by the Agreement, or for failure to carry out the terms of this Agreement in good faith.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, a franchisee has a 15-day opportunity to cure a default after receiving written notice. This includes providing proof of the cure to Dryject. However, if the breach is curable but cannot reasonably be cured within 15 days, and the franchisee has started and continues to make good faith efforts to fix the breach, Dryject will allow an additional reasonable period to cure the default.
If the franchisee fails to cure the default within the specified time, the Franchise Agreement will terminate immediately without further notice. The FDD states that the franchisee is in default under the agreement for failing to comply with any of the requirements imposed by the agreement, or for failing to carry out the terms of the agreement in good faith.
This timeframe is important for prospective franchisees to understand, as failure to address a default within the given cure period can lead to immediate termination of the franchise agreement. It is also important to note that the cure period may be extended if the franchisee is making a good faith effort to cure the breach, but the breach cannot be reasonably cured within the initial 15-day period.