What is the definition of the 'Cure Period' in the Focalpoint Coaching franchise agreement?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
However, with respect to franchises governed by Minnesota law, we will comply with Minn. Stat. Sec. 80C.14, Subds. 3, 4 and 5 which require, except in certain specified cases, that a franchisee be given 90 days' notice of termination (with 60 days to cure) and 180 days' notice of non-renewal of this Agreement.
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
According to the 2025 Focalpoint Coaching Franchise Disclosure Document, the term 'cure period' is specifically mentioned in the context of franchises governed by Minnesota law. In general franchise agreements, if a franchisee violates the agreement, the franchisor can terminate the agreement. However, Minnesota law provides certain protections to franchisees.
For Focalpoint Coaching franchises in Minnesota, the company must comply with Minn. Stat. Sec. 80C.14, Subds. 3, 4 and 5. These statutes require that, except in certain specified cases, a franchisee must be given 90 days' notice of termination, along with 60 days to cure the violation. This means that if Focalpoint Coaching intends to terminate a franchise agreement in Minnesota (outside of the specified exceptions), the franchisee has a 60-day period to correct or 'cure' the issue that led to the termination notice.
This 'cure period' allows the franchisee an opportunity to rectify the breach and maintain their franchise. Outside of Minnesota, the FDD does not specify a cure period. A prospective Focalpoint Coaching franchisee should consult the franchise agreement and any state-specific addenda to understand the specific termination and cure provisions applicable to their location.