What must a Face Foundrie Area Developer do to avoid termination after receiving a notice of default?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6.4 Notice and Opportunity to Cure Other Defaults*.* Except as otherwise provided in Sections 6.1, 6.2 , and 6.3 above, if Area Developer fails to comply with any material term and condition of this Agreement, such action shall constitute a default under this Agreement and, upon the occurrence of any such default, Franchisor may terminate this Agreement by giving written notice of termination stating the nature of such default to Area Developer at least thirty (30) days prior to the effective date of termination; provided, however, that Area Developer may avoid termination by curing the default to Franchisor's satisfaction, and by promptly providing proof thereof to Franchisor within the 30-day period.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, an Area Developer can avoid termination after receiving a notice of default by curing the default to Face Foundrie's satisfaction and providing proof of the cure within a 30-day period. The initial notice of termination will state the nature of the default and will be given at least thirty days prior to the effective date of termination.
However, this opportunity to cure does not apply to all defaults. Certain events, such as insolvency, bankruptcy, or termination of a franchise agreement for a Facial Bar operated by the Area Developer, can lead to immediate termination without an opportunity to cure.
It is important for prospective Face Foundrie Area Developers to understand the specific terms and conditions of the Area Development Agreement, particularly those related to default and termination. They should also be aware of the circumstances under which they have the right to cure a default and the steps they must take to do so. Additionally, Area Developers should be cognizant of actions or events that could lead to immediate termination without an opportunity to cure, as these represent significant risks to their investment and business operations.