When must the signed electronic funds transfer authorization be provided to Amorino?
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 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 transfer funds from the franchisee's account for any undisputed fees on each Due Date.
This requirement is one of several conditions that must be met before Amorino gives written consent for the store opening. Other conditions include paying all amounts owed to Amorino, designing and constructing the store according to Amorino's standards, completing the initial training program, providing the required insurance policy, and delivering a guaranty from each principal and their spouse or domestic partner.
For a prospective franchisee, this means that setting up the electronic funds transfer authorization is a critical step in the opening process. Failure to provide this authorization by the Site Selection Date could delay the store opening or even lead to a termination of the franchise agreement. The franchisee should clarify the exact definition of the Site Selection Date with Amorino to ensure compliance.