What is the deadline for releasing any attachment, garnishment, execution, lien, or levy against the Aplus premises?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
- (7) your failure to obtain the release of any attachment, garnishment, execution, lien, or levy against the Premises or the APlus Store within seventy-two (72) hours of receiving notice of same;
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, a franchisee has 72 hours to obtain the release of any attachment, garnishment, execution, lien, or levy against the premises or the Aplus store. This 72-hour period begins once the franchisee receives notice of such action.
This requirement is crucial because failure to meet this deadline can have significant consequences. Specifically, it is listed as a condition that could lead to the termination of the franchise agreement. This means Aplus views these types of legal actions as serious threats to the stability and operation of the franchise.
For a prospective franchisee, this highlights the importance of maintaining sound financial practices and promptly addressing any legal or financial issues that may arise. It also underscores the need to have a plan in place to quickly resolve such matters to avoid jeopardizing the franchise agreement with Aplus.