What is the cure period for failing to remit payments due to Eos Worldwide or its affiliates?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
(a) You fail to timely remit the monthly Membership Fee under Section 4.2 hereof which is not cured within ten (10) days after written notice from us.
(b) You fail to remit any other payments immediately when due to us or our affiliates and fail to cure such breach within ten (10) days after written notice from us.
(c) You fail to remit any payments immediately when due to a supplier, vendor, broker, landlord, or other third party owed by the Franchise and fail to cure such breach within thirty (30) days after written notice from us.
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, if a franchisee fails to remit payments when due to Eos Worldwide or its affiliates, the franchisee has ten days to cure the breach after receiving written notice from Eos Worldwide. This applies to both the monthly Membership Fee and any other payments owed to Eos Worldwide or its affiliates. Failing to cure within this timeframe allows Eos Worldwide to terminate the agreement or take other permitted actions.
In contrast, the cure period for failing to remit payments to suppliers, vendors, brokers, landlords, or other third parties is thirty days after written notice. This longer cure period for third-party payments may reflect the understanding that these relationships are less directly controlled by Eos Worldwide and may require more time to resolve payment issues.
It is important to note that these cure periods are contingent upon Eos Worldwide providing written notice of the payment failure. The franchisee should ensure they have a system for promptly addressing any such notices to avoid potential termination of the franchise agreement. Additionally, the FDD specifies that any default under the franchise agreement can be considered a default under any other agreement between the franchisee and Eos Worldwide or its affiliates, potentially leading to broader consequences.