When are charges for unpaid checks, drafts, or electronic payments due to Angry Chickz?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Charges for unpaid checks, drafts or electronic payments | Our costs and expenses arising from the non- payment, including bank fees in the amount of at least $50 and other related fees incurred by us | Upon demand | Payable only if any check, draft, electronic or other payment is unpaid because of insufficient funds or otherwise |
Source: Item 6 — OTHER FEES1 (FDD pages 11–15)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, charges for unpaid checks, drafts, or electronic payments are due upon demand. This means that if a franchisee's check, draft, or electronic payment is unpaid due to insufficient funds or any other reason, Angry Chickz will require immediate payment of any costs and expenses they incur as a result of the non-payment. These costs include a minimum bank fee of $50, as well as any other related fees.
This policy is fairly standard in franchising, as franchisors need to protect themselves from financial losses due to franchisees' payment issues. The "upon demand" clause means Angry Chickz can request immediate reimbursement for any expenses incurred. Franchisees should ensure they have sufficient funds available when making payments to avoid these charges.
It is important to note that the franchisee is responsible for covering all costs associated with the unpaid payment, which can potentially exceed the initial $50 bank fee. This could include administrative costs, legal fees, or any other expenses Angry Chickz incurs while trying to recover the unpaid amount. Therefore, franchisees must maintain diligent financial practices to avoid such situations and the associated costs.