What is the maximum interest rate that can be charged on late payments to All Dogs Unleashed?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
is Agreement upon receipt of written notice by Franchisor. Your failure to have sufficient funds in the Account is a material breach of this Agreement.
- 4.8. Interest; Nonsufficient Funds Charge. Any payments not received by Franchisor by the Due Date will accrue interest at the rate of 18% per annum or the highest lawful interest rate permitted by the jurisdiction in which the Franchised Business operates, whichever is less. If any check, draft, electronic or otherwise, is returned for insufficient funds, you shall pay to Franchisor a nonsufficient funds charge in the amount of the then current fee, which is currently $100, and reimburse Franchi
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, any payments not received by the due date will accrue interest. The interest rate will be 18% per annum, or the highest lawful interest rate permitted by the jurisdiction in which the All Dogs Unleashed franchised business operates, whichever is less.
In practical terms, this means that if an All Dogs Unleashed franchisee is late on a payment to the franchisor, they will be charged interest on the outstanding balance. The specific interest rate will depend on the state or local laws governing interest rates, but it will never exceed 18% per year. For example, if a state's maximum legal interest rate is 10%, that lower rate would apply instead of the 18%.
Additionally, if a franchisee's check bounces due to insufficient funds, All Dogs Unleashed will charge a nonsufficient funds fee. The current fee is $100, and the franchisee must also reimburse All Dogs Unleashed for any expenses incurred because of the bounced check. These late payment and NSF fees are in addition to any other legal or contractual remedies All Dogs Unleashed may pursue.