What is the deadline for providing Amorino with a signed electronic funds transfer authorization?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
- B. Amorino Consent and Conditions to Opening. Our prior written consent is required for the opening of the Store. Prior to our giving such consent, the following conditions must be met:
- (4) you have provided us with a signed electronic funds transfer authorization described in Section 6.M by no later than the Site Selection Date;
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, a prospective franchisee must provide Amorino with a signed electronic funds transfer authorization no later than the Site Selection Date. This authorization allows Amorino to use a pre-authorized bank draft system for the franchisee's operating account, ensuring that Amorino can collect fees owed to them.
The Site Selection Date is the date on which a location for the franchise is approved. This means that franchisees need to have their banking arrangements in order and the electronic funds transfer authorization completed by the time the site for their Amorino store is finalized.
This requirement ensures that Amorino can efficiently manage payments from franchisees and that franchisees are prepared to meet their financial obligations from the outset. Failing to provide the signed authorization by the Site Selection Date could delay the opening of the store, as providing the authorization is one of the conditions that must be met before Amorino gives consent to open the store.