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

According to Basecamp Fitness's 2025 Franchise Disclosure Document, if a payment due date falls on a banking holiday, the payment will be due on the next business day. This is detailed in the notes section of Item 6, which discusses other fees payable to Basecamp Fitness. This policy ensures that franchisees are not penalized for payments that cannot be processed on a day when banks are closed.

This is a fairly standard practice in franchising and business in general. It provides a reasonable accommodation for circumstances outside of the franchisee's control. Franchisees should still ensure that they are aware of payment schedules and banking holidays to avoid any potential issues.

It is important for prospective Basecamp Fitness franchisees to understand all payment terms and conditions, including how banking holidays may affect due dates, to maintain a good financial standing with the franchisor and avoid any late payment penalties or disruptions to their franchise operations.