On what page of the Jersey Mikes Franchise Agreement can I find information about Default and Termination?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
17. DEFAULT AND TERMINATION
17.1 If Franchisee is in substantial compliance with this Agreement and Franchisor materially breaches this Agreement and fails to cure such breach within a reas onable time after written notice by Franchisee is delivered to Franchisor, Franchisee may terminate this Agreement. Such termination shall be effective thirty (30) days after delivery to Franchisor of notice that such breach has not been cur ed and Franchisee elects to terminate this Agreement. A termination of this Agreem ent by Franchisee for any reason other than breach of this Agre ement by Franchisor and Franchisor's failure to cure such breach
within a reasonable time after receipt of written notice of default has been received by Franchisor shall be deemed a termination by Franchisee without cause.
17.2 This Agreement shall terminate automatically upon delivery of notice of termination to Franchisee, if Franchisee or its owners(s), officer(s), or key employee(s):
a.
Fails to decorate and e quip (specifically including mandatory upgrades of the Premises) the Premises as provided in Section 4 of this Agreement, or fails to satisfactorily complete the training program as provided in Section 5 of this Agreement;
- b.
Has made any material misrepresentation or omission in its application for the franchise;
- c.
Is convicted of or pleads no contest to a felony or to any other crime or offense that is likely to adversely affect the re putation of Franchisor, Franchisee or the JERSEY MIKE'S System;
- d.
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, information regarding default and termination can be found on page 113 of the Franchise Agreement. Specifically, section 17, titled "DEFAULT AND TERMINATION," outlines the conditions under which the agreement can be terminated.
Jersey Mikes specifies that a franchisee may terminate the agreement if they are in substantial compliance and Jersey Mikes materially breaches the agreement, failing to cure it within a reasonable time after written notice. The termination becomes effective 30 days after the notice is delivered, indicating the breach remains uncured. A termination by the franchisee for any reason other than Jersey Mikes's breach is considered a termination without cause by the franchisee.
The agreement will automatically terminate upon notice to the franchisee if the franchisee fails to properly equip the premises, makes a material misrepresentation in their application, or is convicted of a felony that could adversely affect the reputation of Jersey Mikes. This section clarifies the circumstances that would lead to immediate termination of the franchise agreement, which is crucial for prospective franchisees to understand their obligations and potential pitfalls.