What is the cure period for a Focalpoint Coaching franchisee's failure to maintain required insurance?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN | SUMMARY |
|---|---|---|
| FRANCHISE OR OTHER AGREEMENT | franchise may differ materially from any and all of those contained in the Franchise Agreement attached to this Disclosure Document, including reduced Territory and increased fees. | |
| d. Termination by | If we breach Franchise Agreement and an arbitrator determines that we did not cure default after notice from you, or upon your (or your managing owner’s) death or disability (subject to state law). | |
| franchisee | ||
| e. Termination by | Not Applicable. Not Applicable. | |
| franchisor without | ||
| cause | ||
| f. Termination by | Section 14.B | We may terminate your franchise only if you or your owners commit one of several violations. |
| franchisor with | of Franchise | |
| cause | Agreement | |
| g. “Cause” defined- | Section 14.B | You have 72 hours to cure any law, ordinance, |
| curable defaults g. “Cause” defined- | ||
| curable defaults | of Franchise | or regulation regulating the operation of the |
| Agreement | Franchised Business; 10 days to cure monetary defaults and failure to maintain required insurance; 30 days to cure operational defaults and other defaults not listed in (h) below; and 90 days to relocate the Office to a new site if you lose possession of the premises. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 43–48)
What This Means (2025 FDD)
According to the 2025 Focalpoint Coaching Franchise Disclosure Document, if a franchisee fails to maintain the required insurance, they have 10 days to cure this default. This means the franchisee must provide proof of the required insurance coverage within that 10-day period to avoid termination of the franchise agreement.
This 10-day cure period is relatively short compared to some other types of defaults, highlighting the importance Focalpoint Coaching places on franchisees maintaining continuous insurance coverage. Failing to maintain insurance can expose both the franchisee and Focalpoint Coaching to significant financial and legal risks.
It is important for prospective Focalpoint Coaching franchisees to understand all insurance requirements outlined in the Franchise Agreement and to ensure they can consistently meet these obligations. Setting up systems to track insurance policies and renewal dates can help avoid unintentional lapses in coverage and potential termination of the franchise agreement.