factual

When is the Azal Coffee renewal fee due?

Azal_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

Your payments to us for royalty, local advertising fees, marketing fund contributions, mobile application and technology fees, training, renewal and transfer fees, management fees, mystery shopper fees, relocation fees, litigation expenses, late charges and interest, amounts owed for products or services provided by us or our affiliates, amounts owed for maintenance expenses we incur under Section 8.8, amounts owed for management fees, amounts owed for liquidated damage amounts, and all other amounts you owe to us or our affiliates must be made by electronic or similar funds transfer in the appropriate amounts from your bank account to our accounts, and at the places or in the manner we may specify. You must make payments at the times specified in this Agreement or as we may otherwise specify. You agree that we may specify payment by electronic fund transfers that we initiate. You must sign and deliver to your bank and to us the documents necessary to authorize and effectuate fund transfers as specified by us. You agree not to terminate the authorization as long as this Agreement is in effect. You agree not to close your bank account without providing us prior written notice and establishing a substitute bank account for the transfers. You also agree to make all required payments to us daily or weekly or at some other interval, instead of monthly or as otherwise provided in this Agreement, if we specify. You acknowledge that we may require you to make required payments at different intervals than other Azal Coffee franchisees.

Source: Item 22 — CONTRACTS (FDD page 51)

What This Means (2024 FDD)

According to Azal Coffee's 2024 Franchise Disclosure Document, payments for renewal fees must be made at the times specified in the Franchise Agreement or as otherwise specified by Azal Coffee. These payments must be made via electronic or similar funds transfer from the franchisee's bank account to Azal Coffee's accounts.

Azal Coffee requires franchisees to authorize these fund transfers and not terminate the authorization as long as the agreement is in effect. Franchisees also cannot close their bank account without providing prior written notice and establishing a substitute bank account for the transfers.

Azal Coffee may specify that franchisees make required payments daily, weekly, or at some other interval, instead of monthly or as otherwise provided in the agreement. Azal Coffee can also require franchisees to make payments at different intervals than other Azal Coffee franchisees.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.