What happens if a Basecamp Fitness payment deadline falls on a banking holiday?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, if a payment deadline falls on a banking holiday, the payment will be due on the next business day. This is a standard practice in financial transactions, ensuring that franchisees are not penalized for circumstances beyond their control related to bank closures on official holidays.

This policy provides a practical benefit to Basecamp Fitness franchisees by offering flexibility in payment schedules. Franchisees can avoid late fees or other penalties if a payment deadline coincides with a banking holiday, allowing them to manage their finances without added stress during those times. It is important for franchisees to be aware of banking holidays and plan their payments accordingly to ensure timely submission on the next business day.

While this specific clause addresses banking holidays, franchisees should also be aware of other payment-related policies outlined in Item 6, such as the requirements for electronic fund transfers, potential insufficient funds fees, and the handling of taxes on fees. Understanding these policies will help franchisees maintain compliance and avoid unexpected charges.