What exhibit in the 360 Painting Franchise Agreement is the ACH Authorization?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
- EXHIBIT C-1 MISCELLANEOUS INFORMATION; TERRITORY DEFINED
- EXHIBIT C-2 PERSONAL COVENANTS
- EXHIBIT C-3 INTERNET WEB SITES AND LISTINGS AGREEMENT
- EXHIBIT C-4 TELEPHONE LISTING AGREEMENT
EXHIBIT C-5 FRANCHISEE INFORMATION
EXHIBIT C-6 GUARANTY AGREEMENT
EXHIBIT C-7 GENERAL RELEASE
EXHIBIT C-8 ACH AUTHORIZATION
EXHIBIT C-9 COPY OF SIGNED RECEIPT TO FRANCHISE DISCLOSURE DOCUMENT
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the ACH Authorization is Exhibit C-8 of the Franchise Agreement.
This exhibit likely contains the terms and conditions under which 360 Painting is authorized to make electronic debits from the franchisee's bank account. This is a standard practice for many franchisors to collect ongoing fees such as royalties, marketing contributions, or technology fees.
As a prospective franchisee, it is crucial to carefully review Exhibit C-8 to understand the specific details of the ACH authorization. This includes the frequency of debits, the amounts that will be debited, and the procedures for canceling or modifying the authorization. Understanding these terms will help you manage your cash flow and avoid any unexpected charges.