Where will Fitstop send the notice of violation to the franchisee?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 16.3 Cure Period and Franchisee's Obligation to Demonstrate Curative Actions. If the breach concerns this Agreement and does not result in immediate termination, the correction of any default must be accomplished within 30 calendar days after we submit notice to you describing the condition which constitutes the violation, and the corrective action which you must take if any corrective action is possible to cure the default.
Should a default under this Agreement be of such a nature that we, in writing, agree more than 30 calendar days is reasonably required to cure, you shall be given such additional time as may be reasonable, provided that corrective action is commenced promptly within the initial thirty (30) day period and is pursued diligently to completion.
- 16.4 Termination Upon Failure to Cure. If a default in this Agreement is not cured after notice and within any time period allowed for the correction of the default, termination of this Agreement will occur without further notice as of the expiration of the time allowed to cure the default.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, if a franchisee breaches the agreement, Fitstop will send a notice describing the violation and required corrective action. The franchisee then has 30 calendar days to correct the default, unless Fitstop agrees in writing that more time is reasonably required. In such cases, the franchisee must begin corrective action promptly within the initial 30-day period and diligently pursue it to completion.
If the franchisee fails to cure the default after receiving notice and within the allowed time, the termination of the agreement will occur without further notice. This termination becomes effective as of the expiration of the cure period.
This section outlines the process Fitstop follows to notify franchisees of breaches and the steps required for resolution, emphasizing the importance of timely corrective action to avoid termination of the franchise agreement.