What is the deadline for Auntie Annes franchisees to pay additional payments after demand?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
You must comply with any new or additional procedures as we may specify in the Manuals or otherwise, in writing, and/or perform any acts and sign and deliver any documents we designate as necessary to assist in accomplishing payment by the method that we specify within 30 days of our notice to you.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, franchisees must comply with any new or additional procedures specified in the manuals or in writing, and/or perform any acts and sign and deliver any documents designated as necessary to assist in accomplishing payment by the method that Auntie Anne's specifies within 30 days of notice.
This means that if Auntie Anne's changes the location for payments, the required payment delivery method, the due dates, or the frequency of the due dates for payments, franchisees have 30 days from the date of the notice to comply with the new requirements. This includes performing any necessary actions, signing required documents, and ensuring payments are made according to the updated method.
This requirement ensures that Auntie Anne's can efficiently manage its financial transactions and that franchisees are kept up-to-date with any changes in payment procedures. Franchisees should carefully monitor communications from Auntie Anne's and promptly address any new payment requirements to avoid potential penalties or disruptions to their franchise operations. Franchisees must also ensure that they have sufficient funds available in their account to cover any drafts initiated by Auntie Anne's.