What is the deadline for a Focus Cfo franchisee to cure a breach of the agreement after receiving notice of default from Focus CFO?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.3.1.
Except as provided in Section 11.2, Franchisee will have thirty (30) days from receipt of notice of default from Focus CFO to cure any breach of this Agreement or any other agreement with Focus CFO or any Focus CFO affiliate.
If Franchisee fails to cure the breach within the thirty (30) day period, Focus CFO will have the right to terminate this Agreement by written notice to Franchisee without any further opportunity to cure.
- 11.3.2.
Franchisee is expected to meet certain Performance Standards as outlined in Attachment E.
Focus CFO will provide written notice to Franchisee of any failure to meet these Performance Standards.
If Franchisee fails to cure the default of the Performance Standards within thirty (30) days and such failure continues beyond the cure period, or Franchisee accumulates three (3) violations of any individual or combination of Performance Standards outlined in Attachment E, Focus CFO will have the right to terminate this Agreement by written notice to Franchisee without any further opportunity to cure.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, a franchisee typically has 30 days from the receipt of a default notice from Focus CFO to cure any breach of the Franchise Agreement or any other agreement with Focus CFO or its affiliates. However, this cure period does not apply to terminations for cause as defined in Section 11.2 of the agreement, which are effective immediately upon written notice. This means certain serious violations, such as insolvency or criminal acts, do not allow for a cure period.
Furthermore, if the breach involves failure to meet the Performance Standards outlined in Attachment E, the franchisee has 30 days to cure the default. If the failure continues beyond this cure period, or if the franchisee accumulates three violations of any combination of these performance standards, Focus CFO can terminate the agreement without any further opportunity to cure. These performance standards include compliance with Focus CFO's policies, participation in training sessions, adherence to core values, collaboration with other franchisees, and following core processes.
This 30-day cure period provides a Focus Cfo franchisee with a limited window to rectify any issues and maintain their franchise. However, the immediate termination clause for specific causes emphasizes the importance of adhering to the agreement's terms and avoiding serious misconduct. The performance standards also highlight the ongoing operational expectations and the potential for termination if these standards are not consistently met or if multiple violations occur.