When is the Liquidated Damages for Failure to Comply with Obligations fee due to Azal Coffee?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Liquidated Damages for Failure to Comply with Obligations | $100 to $2,500 depending on the violation | On the date specified by us | We have the right to charge liquidated damages if you fail to comply with certain obligations under the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 12–19)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, the Liquidated Damages for Failure to Comply with Obligations fee is due 'On the date specified by us.' This means that if a franchisee fails to meet certain obligations outlined in the Franchise Agreement, Azal Coffee has the right to charge liquidated damages.
The amount of these damages ranges from $100 to $2,500, depending on the specific violation. It is important to note that the due date for this fee is not fixed but rather determined by Azal Coffee on a case-by-case basis when a violation occurs.
Prospective Azal Coffee franchisees should carefully review the Franchise Agreement to understand what constitutes a failure to comply with obligations. Understanding these obligations and ensuring compliance will help franchisees avoid incurring these liquidated damages. Franchisees should also maintain open communication with Azal Coffee to clarify any uncertainties regarding their obligations and the potential consequences of non-compliance.