How does the franchisee make payments for training fees for an Afuri Ramen Dumpling franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisor deems reasonable. Matters to be included in Additional
- 2.2 Training Costs. In addition to training fees per Section 2.1 above, Franchisee will be responsible for Franchisor's out-of-pocket costs related to the Additional Training, including transportation, meals and lodging for Franchisor's training personnel. Franchisee will reimburse such costs or pay them in advance as Franchisor will determine.
- 2.3 Method of Payment. Franchisee's payment obligations under this Agreement will be made by automatic account withdrawal or other automatic processes or forms of payment that Franchisor specifies, such as check, certified check, money order, credit or debit card, automatic preauthorized payment plan, electronic funds transfer, or payments through the internet, including processes whereby Franchisee authorizes Franchisor to remove the payment directly from Franchisee's bank account.
- 2.4 Late Charges. Late payments under this Agreement will be subject to late charges and interest prescribed by the Franchise Agreement. Such charges and interest will not exceed any limits imposed by applicable laws.
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Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, franchisees have several options for making payments. Specifically, payments can be made through automatic account withdrawal, other automatic processes, or various forms of payment that Afuri Ramen Dumpling specifies. These methods include check, certified check, money order, credit or debit card, automatic preauthorized payment plan, electronic funds transfer, or payments through the internet. The payment methods also include processes where the franchisee authorizes Afuri Ramen Dumpling to directly withdraw the payment from the franchisee's bank account.
In addition to training fees, franchisees are responsible for covering Afuri Ramen Dumpling's out-of-pocket costs related to additional training, such as transportation, meals, and lodging for the training personnel. These costs can be reimbursed or paid in advance, as determined by Afuri Ramen Dumpling.
It's important to note that late payments are subject to late charges and interest as prescribed by the Franchise Agreement, although these charges will not exceed any limits imposed by applicable laws. Prospective franchisees should carefully review Appendix B of the Franchise Disclosure Document and the Franchise Agreement itself to fully understand the specific training fees, due dates, and potential additional costs associated with training.