What is the deadline for an Alloy developer to pay all sums owing to Alloy and its affiliates after termination or expiration of the Development Agreement?

According to Alloy's 2025 Franchise Disclosure Document, a developer must pay all outstanding sums to Alloy and its affiliates within 30 days of the termination or expiration of the Development Agreement. This obligation is triggered automatically upon the agreement's termination or expiration, requiring the developer to settle all financial matters promptly.

This requirement ensures that Alloy and its affiliates receive all owed payments in a timely manner after the Development Agreement ends. It also provides a clear deadline for the developer, promoting accountability and preventing prolonged financial disputes. The 30-day window is a relatively short timeframe, so developers need to be prepared to settle their accounts quickly.

Failure to meet this deadline could result in legal action or other enforcement measures by Alloy to recover the outstanding amounts. Therefore, it is crucial for prospective Alloy developers to understand this obligation and ensure they have a plan in place to fulfill it upon termination or expiration of the Development Agreement.