How will Aplus franchisees receive notification of changes to credit terms and payment methods from Sunoco?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
- (B) All credit terms and methods of payment of which you receive written notice from Sunoco shall be deemed a part of this Lease. Such terms and methods may be amended or terminated at any time and from time to time by Sunoco, upon written notice to you. The right to amend and terminate credit terms and methods of payment shall be in addition to, and not in substitution, for other rights and remedies available to Sunoco.
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, franchisees will receive written notice from Sunoco regarding any changes to credit terms and payment methods. These terms and methods, as communicated in writing, are considered part of the lease agreement between the franchisee and Sunoco.
Sunoco retains the right to modify or terminate these credit terms and payment methods at any time. The notification will be in writing to the Aplus franchisee. This right to amend or terminate credit terms is in addition to any other legal options Sunoco may have.
This means that Aplus franchisees must stay informed of any written notices from Sunoco regarding payment policies. Failure to adhere to the updated credit terms and payment methods could result in penalties or other actions by Sunoco, as outlined in the lease agreement.