What is the title of Exhibit C-8 to the 360 Painting Franchise Disclosure Document?
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, Exhibit C-8 is titled "ACH Authorization." This exhibit is one of several included in the FDD, which are referenced within the franchise agreement. Other exhibits include items such as personal covenants, internet web sites and listings agreements, telephone listing agreements, franchisee information, guaranty agreement, general release, and a copy of the signed receipt to the Franchise Disclosure Document.
The inclusion of an ACH Authorization as an exhibit suggests that 360 Painting utilizes automated clearing house transactions for payments. This is a fairly standard practice in franchising, as it allows for efficient and reliable transfer of funds for royalties, marketing fees, or other ongoing payments between the franchisee and franchisor.
Prospective 360 Painting franchisees should carefully review Exhibit C-8 to understand the terms and conditions related to ACH payments, including authorization procedures, payment schedules, and any potential fees or penalties associated with failed transactions. Understanding these details is crucial for managing the financial aspects of the franchise and maintaining a positive relationship with 360 Painting.