What is the deadline to provide Face Foundrie with information regarding events after termination?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) Promptly, and in no event more than three (3) days after the termination or expiration of this Agreement, provide to Franchisor any and all information Franchisor requests regarding events, products or services to be provided by Franchisee or the Facial Bar after the date of expiration or termination, and at Franchisor's option, Franchisee will either (i) pay to Franchisor any amounts it has received from customers for events or products or services to be provided after the date of termination or expiration, and assign to Franchisor or its designee any contracts or related agreements to such events, products or services, or (ii) return such amounts to customers directly as well as any termination fees or penalties under such contracts.
Nothing herein will obligate Franchisor to take assignment of any obligations of Franchisee under any such contracts or relieve Franchisee of any liability for its obligations to customers or third parties after the termination or expiration of this Agreement;
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, a franchisee must provide Face Foundrie with any information they request regarding events, products, or services to be provided by the franchisee or the Facial Bar after the date of expiration or termination within three days. This obligation arises upon the termination or expiration of the Franchise Agreement, unless the franchisee successfully exercises their right to acquire a successor franchise.
This requirement ensures that Face Foundrie can manage customer expectations and potentially take over obligations for events or services that customers have already paid for. The franchisee has the option to either pay Face Foundrie the amounts received from customers for these future events or services and assign the related contracts, or return the amounts directly to the customers.
It's important to note that Face Foundrie is not obligated to assume any of the franchisee's obligations under these contracts, and the franchisee remains liable for their commitments to customers or third parties even after termination or expiration of the agreement. This provision allows Face Foundrie to protect its brand reputation and ensure a smooth transition for customers in the event of a franchise termination or expiration.