Does Eos Worldwide have to provide an opportunity to cure any of the non-curable defaults?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
We may, at any time, terminate this Agreement effective immediately upon written notice if you:
- (a) are convicted by a trial court of, plead no contest or enter into a consent decree in connection with any violation of the rules or regulations of franchise laws, or any local, state, provincial, federal, national or international securities laws, or any felony or any other crime or offense that is likely to adversely affect your reputation, our reputation or otherwise involving any fraud or breach of trust, or to any crime or offense that may adversely affect the reputation of the goodwill associated with the Marks or the EOS Franchise System; or
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, Eos Worldwide is not required to provide an opportunity to cure non-curable defaults. The franchise agreement outlines specific instances where Eos Worldwide can terminate the agreement immediately upon written notice without providing an opportunity to cure the default.
These non-curable defaults include conviction of violating franchise, securities laws, any felony, or any crime that could adversely affect the franchisee's or Eos Worldwide's reputation. This also applies to any crime that may negatively impact the goodwill associated with Eos Worldwide's marks or franchise system.
In contrast, Eos Worldwide does outline 'curable breaches' in the FDD. If a franchisee breaches any other obligation, covenant, or representation under the agreement (excluding the non-curable defaults), the franchisee has thirty days after written notice from Eos Worldwide to remedy the breach. This notice will specify the breach and the required action to cure it. This includes, but is not limited to, failure to operate the franchise according to the operations manual, failure to conform to franchise system standards, or taking franchise assets for personal use.