If the reason for termination, cancellation, or substantial change in competitive circumstances by Focus Cfo is nonpayment of sums due, how many days does a Wisconsin franchisee have to cure the deficiency?
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.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, a franchisee, including one in Wisconsin, generally has thirty (30) days from receipt of a notice of default from Focus Cfo to cure any breach of the Franchise Agreement or any other agreement with Focus Cfo or its affiliates. This cure period applies unless the termination is enacted immediately for cause as defined in Section 11.2 of the agreement.
The thirty-day cure period provides an opportunity for the franchisee to rectify the issue, such as non-payment, and avoid termination 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 written notice without any further opportunity to cure.
This standard cure period is common in franchising, allowing franchisees a reasonable timeframe to address deficiencies. However, it's crucial for a prospective Focus Cfo franchisee to understand the specific conditions that trigger immediate termination versus those that allow for a cure period, as outlined in Section 11.2, to avoid potential disputes and ensure compliance with the Franchise Agreement.