What is the cure period for failing to make payments to approved suppliers for a Hydrodog franchisee?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- (s) you fail to make payments of any amounts due to approved suppliers of products or services and do not correct such failure within ten (10) days after written notice of such failure is delivered to you by such supplier;
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, if a franchisee fails to make payments to approved suppliers, they have a ten (10) day cure period. This means that after receiving written notice from the supplier regarding the overdue payment, the franchisee has ten days to correct the failure and make the payment.
This requirement is important because failure to pay approved suppliers can lead to a termination of the franchise agreement. Maintaining good relationships with suppliers is critical for the smooth operation of the Hydrodog business.
The cure period is relatively short, so franchisees need to have systems in place to ensure timely payments to avoid potential default. Franchisees should also be aware that the written notice triggers the cure period, regardless of whether the franchisee actually receives the notice. Therefore, it is essential to maintain accurate contact information with Hydrodog and its approved suppliers to promptly address any payment issues.