Does the Alloy Franchise Agreement include an ACH Authorization Form as an appendix?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
and 2022. Our fiscal year end is December 31.
ITEM 22 CONTRACTS
Attached as Exhibits to this Disclosure Document are the following contracts and their attachments:
| 1. | Franchise Agreement (including Appendices A | Exhibit B |
|---|---|---|
| (Data Sheet), |
Source: Item 22 — CONTRACTS (FDD page 69)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the Franchise Agreement does include an ACH Authorization Form as an appendix. Specifically, Appendix C to the Franchise Agreement is the ACH Authorization Form. This form likely authorizes Alloy to make automatic withdrawals from the franchisee's bank account for fees and other payments due under the Franchise Agreement.
Franchisees should carefully review the ACH Authorization Form and understand the terms and conditions, including the amounts that may be debited, the frequency of debits, and the procedures for stopping or changing the authorization. It is a common practice in franchising for franchisors to use ACH payments for recurring fees to ensure timely payments and reduce administrative burdens.
Prospective Alloy franchisees should pay close attention to the details of the ACH Authorization Form and seek clarification from Alloy regarding any questions or concerns before signing the Franchise Agreement. Understanding the payment terms and authorization procedures is crucial for managing cash flow and maintaining a positive relationship with the franchisor.