factual

How many days does a Monicals Pizza franchisee have to cure any other default after receiving notice?

Monicals_Pizza Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 8.1.7 Developer fails to comply with any other provision of the Development Agreement and does not correct within thirty (30) days after written notice from Franchisor.

8.2 Termination With Opportunity to Cure

If Developer fails to comply with any other provision of this Development Agreement, Franchisor may terminate this Development Agreement by delivering notice of termination to Developer stating the reason for termination, provided that Developer shall have the right to cure a breach within thirty (30) days after delivery of Franchisor's notice of termination.

Source: Item 23 — RECEIPTS (FDD pages 46–257)

What This Means (2025 FDD)

According to the 2025 Monicals Pizza Franchise Disclosure Document, a franchisee, referred to as a 'Developer' in the context of the Development Agreement, typically has 30 days to correct any failure to comply with the provisions of the Development Agreement after receiving written notice from Monicals Pizza. This allows the franchisee an opportunity to rectify the issue and avoid termination of the Development Agreement.

However, this cure period does not apply to all potential defaults. Monicals Pizza can terminate the Development Agreement immediately without providing an opportunity to cure if the Developer is convicted of a felony, makes unauthorized use of the Monicals Pizza trademarks or confidential information, has a franchise agreement terminated, fails to meet deadlines in the Development Schedule.

It is important to note that the cure period specifically applies to the Development Agreement. Franchise Agreements may have different cure periods or conditions for termination, as indicated in the document. A prospective Monicals Pizza franchisee should carefully review both the Development Agreement and the Franchise Agreement to understand their respective terms and conditions regarding defaults and termination rights.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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