What happens if a Focus Cfo franchisee fails to cure a breach?
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 thirty days to cure a breach of the Franchise Agreement or any other agreement with Focus Cfo or its affiliates, starting from the date they receive a notice of default. However, this cure period does not apply to terminations for cause as defined in Section 11.2 of the agreement. If the franchisee fails to cure the breach within this 30-day period, Focus Cfo has the right to terminate the agreement by providing written notice, without offering any further opportunity to remedy the situation.
Focus Cfo also sets forth certain Performance Standards in Attachment E of the Franchise Agreement. If a franchisee fails to meet these standards, Focus Cfo will provide written notice, allowing thirty days to correct the deficiency. Should the franchisee fail to meet the standards within this cure period, or if the franchisee accumulates three violations of any combination of the Performance Standards outlined in Attachment E, Focus Cfo can terminate the agreement with written notice, again without any further opportunity to cure the violations.
It is important for a prospective Focus Cfo franchisee to understand these termination conditions, as failure to adhere to the agreement or meet performance standards can lead to termination of the franchise. The franchisee should carefully review Attachment E of the Franchise Agreement to fully understand the Performance Standards and Failure to Perform Guidelines.