Does Basecamp Fitness require me to sign documents to permit them to debit my account for fees and payments?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
y Fees, General Advertising and Marketing Fund Contributions or any other amount due us, and that the alleged non-performance or breach of any of our obligations under this Agreement or any related agreement does not establish a right at law or in equity to withhold payments due us for Royalty Fees, General Advertising and Marketing Fund Contributions or any other amounts due. You agree to sign and deliver to us, our bank(s) and your bank, as necessary, all forms and documents that we may request to permit us to debit your account, either by check, via electronic funds transfer or other means or methods as we may designate ("Payment Methods") for all fees and payments due to us and to our affiliates. You will notify us at least twenty (20) days before closing or changing the account against which such debits are to be made. If such account is closed or ceases to be used, you will immediately provide all documents and information necessary to permit us to debit the amounts due from an alternative account. You acknowledge that these requirements are only a method to facilitate prompt and timely payment of amounts due and will not affe
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, as a franchisee, you are required to sign and deliver all necessary forms and documents to Basecamp Fitness, their bank, and your bank to authorize them to debit your account for all fees and payments owed to them and their affiliates. These debits can be made via check, electronic funds transfer, or other methods designated by Basecamp Fitness. You must provide at least 20 days' notice before closing or changing the account used for these debits. If the account is closed or no longer in use, you must immediately provide all necessary documents and information to allow Basecamp Fitness to debit an alternative account.
This requirement is intended to facilitate prompt and timely payments and does not affect your underlying obligation to pay all amounts owed. If any check is returned for insufficient funds, or if Basecamp Fitness is unable to collect funds via the designated payment methods due to insufficient funds, you will be charged an Insufficient Funds Fee of $100 for each occurrence.
This type of electronic funds transfer (EFT) authorization is a fairly standard practice in franchising. It allows Basecamp Fitness to ensure timely collection of royalties, advertising fees, and other payments. Franchisees should ensure they maintain sufficient funds in the designated account to avoid incurring insufficient funds fees and potential disruptions to their franchise agreement.