Can Golden Krust Caribbean Restaurant revoke a previously granted waiver?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
Any waiver we grant will be without prejudice to any other rights we may have, will be subject to our continuing review and may be revoked, in our sole discretion, at any time and for any reason, effective upon delivery to you of ten (10) days' prior written notice.
Source: Item 22 — CONTRACTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, Golden Krust Caribbean Restaurant has the right to revoke any waiver it grants to a franchisee. This waiver revocation can occur at any time, for any reason, at Golden Krust Caribbean Restaurant's sole discretion.
To revoke a waiver, Golden Krust Caribbean Restaurant must provide the franchisee with ten days' prior written notice. This means that the franchisee has a short window to adjust their operations or rectify the situation before the revocation takes effect.
This clause gives Golden Krust Caribbean Restaurant significant flexibility in managing its franchise network and ensuring compliance with the franchise agreement. It also means that a Golden Krust Caribbean Restaurant franchisee cannot rely on a previously granted waiver as a permanent alteration of their obligations. The franchisee must be prepared for the possibility that the waiver could be revoked with limited notice.
Franchisees should carefully consider this provision and its potential impact on their business operations. It is important to maintain open communication with Golden Krust Caribbean Restaurant and to address any concerns promptly to minimize the risk of a waiver being revoked.