Under what conditions will Aunt Millies Bakeries charge Attorney's Fees?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Attorney’s Fees | Not to exceed 15% of the then outstanding amount due to our Affiliate | Upon any default under the Security Agreement with our Affiliate, you must pay our attorneys’ fees for pursuing, searching for, receiving, taking, keeping, storing, advertising, and selling the collateral |
Source: Item 6 — OTHER FEES (FDD pages 13–15)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, attorney's fees may be charged to the franchisee under specific default conditions related to the Security Agreement with Aunt Millies Bakeries' affiliate. These fees are not to exceed 15% of the outstanding amount due to the affiliate at the time of default.
Specifically, if a franchisee defaults under the Security Agreement with Aunt Millies Bakeries' affiliate, they will be responsible for paying Aunt Millies Bakeries' attorney's fees. These fees cover expenses incurred for various actions, including pursuing, searching for, receiving, taking, keeping, storing, advertising, and selling the collateral.
This condition highlights the importance of understanding and adhering to the terms of the Security Agreement. Defaulting on this agreement can lead to significant additional costs in the form of attorney's fees, which are capped at 15% of the outstanding debt. Prospective franchisees should carefully review the Security Agreement and ensure they can meet its obligations to avoid these potential charges.