What is the deadline for a Beggars Pizza franchisee to cure a failure to pay an invoice after receiving notice?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee fails to pay any Invoice within such period, Supplier will provide Franchisee with notice of such failure and, upon receipt of such notice, Franchisee will have five (5) days to cure such failure.
If Franchisee fails to make all required payments within such five (5)-day cure period, Supplier will have the right to immediately terminate the Agreement.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, a franchisee has five days to cure a failure to pay an invoice after receiving notice from the supplier. The supplier will provide the franchisee with notice of the failure to pay, and the franchisee has five days from the receipt of that notice to make the payment.
If the franchisee fails to make the required payment within this five-day cure period, the supplier has the right to immediately terminate the agreement. This highlights the importance of maintaining timely payments to the supplier to avoid potential termination of the franchise agreement.
This payment structure is fairly standard in franchising, as franchisors and their designated suppliers need to ensure consistent revenue streams to maintain their own operations. Franchisees should be aware of these strict payment terms and ensure they have sufficient financial resources to cover invoices within the specified timeframe to avoid penalties or termination.