What recourse does All County have if the transferee fails to pay royalties?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 22.2.11. you fail to make payments of any amounts due to us and do not correct such failure within seven (7) days after written notice of such failure is delivered to you;
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if a franchisee fails to make payments of any amounts due to All County, the franchisee has seven days after written notice of such failure to correct it. If the franchisee does not correct the failure within the seven days, it constitutes grounds for termination of the franchise agreement.
This requirement ensures All County franchisees meet their financial obligations. The franchisee must pay any amounts due to All County within seven days of receiving written notice of the failure to pay. This includes royalties, ad fees, or any other amounts owed to All County.
This is a fairly standard clause in franchise agreements. It is important for prospective franchisees to understand that failure to pay royalties or other fees can result in termination of the franchise agreement. Franchisees should ensure they have sufficient capital to meet their financial obligations to All County.