Under what condition can Dryject terminate the franchise agreement if the franchisee fails to comply with any requirements imposed by the agreement?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ny 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. Such defaults include, but are not limited to:
- (i) A failure by You to remit any payments when due under this Agreement;
- (ii) A failure by You to establish, equip, maintain, or update the Franchised Business in accordance with Our System Standards;
- (iii) A failure by You to submit to Us financial reports or other information required under this Agreement, or a failure to allow reasonable access to Your records within the time periods required by this Agreement;
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Dryject can terminate the franchise agreement if a franchisee fails to comply with the requirements of the agreement or fails to carry out its terms in good faith. The FDD states that the franchisee will be considered in default for such failures.
However, Dryject must provide the franchisee an opportunity to cure the default within fifteen (15) days after receiving written notice. If the breach cannot reasonably be cured within this period, the franchisee is given an additional reasonable period to cure the default, provided they have commenced and are continuing to make good faith efforts to do so.
If the franchisee does not cure the default within the specified time, the agreement will terminate immediately without further notice. This highlights the importance of understanding and adhering to all requirements outlined in the franchise agreement to avoid potential termination.