Fill and Sign the Notice Default 481375406 Form

Form 7.02 Form Letters  [1]—Notice of Default , 20 VIA CERTIFIED MAIL COPY VIA FIRST CLASS MAIL Re: Notice of Default in Franchise Agreement Dear : You are hereby notified that you are in default under that certain franchise agreement dated as of , 20 by and between [ ] (“Franchisor”) and [ ] (“Franchisee”) (the “Franchise Agreement”) in that you have breached and failed to pay your financial obligations to the Franchisor pursuant to Paragraph of the Franchise Agreement within days after the date on which they are required to be paid (Paragraph ), and as a result of your default under your lease of the premises (Paragraph ). [ List any other defaults with citation to Franchise Agreement and relevant notice/cure period. ] The Franchisor considers your actions to be in total breach of material provisions of the Franchi se Agreement. Your failure to take timely action to cure each of the defaults as se t forth herein shall result in the Franchisor taking remedial actions as granted in the Franchise Agreement including termination thereof. [ If state law permits a longer notice/cure period, make reference to the provisions of st ate law.] The enumeration herein of grounds of default shall not constitute a waiver by Franchisor as to t he existence of other items of default, whether or not such additional defaults are present ly known to Franchisor. In addition, Franchisor specifically reserves its right to seek and to recover all amounts owed by you to Franchisor, damages for any loss of the Franchise and attorneys' fees and costs to the exte nt provided for by the Franchise Agreement or applicable law. Very truly yours,__________________________________________ By: _______________________________________ cc: [Notify guarantors of the Franchise Agreement]  Counsel must be careful to adapt default notice to specific provisions of franchise agreem ent, applicable State laws, and other applicable documents and policies.