Ohio Sample Letter for Notice of Default in Franchise Agreement

• Category: Letters - Legal - Franchises
• State: Multi-State
• Control #: US-0514LTR
• Format: Word; Rich Text

Description

Sample Letter for Notice of Default in Franchise Agreement Dear [Franchise Owner], RE: NOTICE OF DEFAULT IN FRANCHISE AGREEMENT I hope this letter finds you well. It is with regret and concern that we bring to your attention the current state of default in our franchise agreement as per the terms and conditions defined therein, between [Franchisee Company Name] (hereinafter referred to as "Franchisee") and [Franchisor Company Name] (hereinafter referred to as "Franchisor"), dated [date of agreement]. After careful review and consideration, it has become evident that there have been substantial deviations and breaches from the agreed-upon terms of the franchise agreement. As the key terms governing our business relationship have been violated, it is imperative to address these issues promptly. In line with the provisions stated in Section [X] of the franchise agreement, this letter serves as an official notice of default requiring immediate remedial actions. The specific instances of default that we have identified are as follows: 1. [First Specific Default] Provide a comprehensive description of the specific default, backing it up with factual evidence and documentation, if applicable. 2. [Second Specific Default] Outline the second instance of default in a clear and concise manner, ensuring it is supported by relevant evidence and pertinent details. 3. [Third Specific Default] Describe the third default in detail, referencing the specific sections of the franchise agreement that have been violated and highlighting the resulting consequences. The Ohio Revised Code, section [Code Number], articulates the framework within which franchise agreements in the state must operate. As such, it is essential to rectify these violations promptly to avoid any further legal implications or adverse consequences for both parties involved. In order to cure these defaults and restore our business relationship to its original condition, we hereby request that corrective measures be taken within [number of days, as required by the franchise agreement]. Failure to do so within the specified timeframe may result in the initiation of legal proceedings and pursuit of remedies available under applicable Ohio law. We genuinely value the commitment and collaboration that have allowed us to build a successful partnership thus far. It is our hope that we can overcome these challenges and emerge stronger together. Should you require any clarification or assistance in comprehending the aforementioned defaults or the remedial actions to be undertaken, please do not hesitate to reach out to us. We anticipate your prompt response and affirmative actions to rectify the defaults outlined in this notice. The successful resolution of these issues will enable us to rebuild trust and continue our fruitful franchise relationship. Thank you for your attention to this matter. Yours sincerely, [Franchisor Representative Name] [Franchisor Company Name] [Contact Information: Address, Phone Number, Email]

Dear [Franchise Owner], RE: NOTICE OF DEFAULT IN FRANCHISE AGREEMENT I hope this letter finds you well. It is with regret and concern that we bring to your attention the current state of default in our franchise agreement as per the terms and conditions defined therein, between [Franchisee Company Name] (hereinafter referred to as "Franchisee") and [Franchisor Company Name] (hereinafter referred to as "Franchisor"), dated [date of agreement]. After careful review and consideration, it has become evident that there have been substantial deviations and breaches from the agreed-upon terms of the franchise agreement. As the key terms governing our business relationship have been violated, it is imperative to address these issues promptly. In line with the provisions stated in Section [X] of the franchise agreement, this letter serves as an official notice of default requiring immediate remedial actions. The specific instances of default that we have identified are as follows: 1. [First Specific Default] Provide a comprehensive description of the specific default, backing it up with factual evidence and documentation, if applicable. 2. [Second Specific Default] Outline the second instance of default in a clear and concise manner, ensuring it is supported by relevant evidence and pertinent details. 3. [Third Specific Default] Describe the third default in detail, referencing the specific sections of the franchise agreement that have been violated and highlighting the resulting consequences. The Ohio Revised Code, section [Code Number], articulates the framework within which franchise agreements in the state must operate. As such, it is essential to rectify these violations promptly to avoid any further legal implications or adverse consequences for both parties involved. In order to cure these defaults and restore our business relationship to its original condition, we hereby request that corrective measures be taken within [number of days, as required by the franchise agreement]. Failure to do so within the specified timeframe may result in the initiation of legal proceedings and pursuit of remedies available under applicable Ohio law. We genuinely value the commitment and collaboration that have allowed us to build a successful partnership thus far. It is our hope that we can overcome these challenges and emerge stronger together. Should you require any clarification or assistance in comprehending the aforementioned defaults or the remedial actions to be undertaken, please do not hesitate to reach out to us. We anticipate your prompt response and affirmative actions to rectify the defaults outlined in this notice. The successful resolution of these issues will enable us to rebuild trust and continue our fruitful franchise relationship. Thank you for your attention to this matter. Yours sincerely, [Franchisor Representative Name] [Franchisor Company Name] [Contact Information: Address, Phone Number, Email]