What further documents are the parties obligated to execute to fulfill the Beggars Pizza agreement?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
The parties agree to carry out and perform all such further acts and deeds and to make, execute and deliver all such further documents, instruments, agreements and assurances as may be required in order to carry out the terms and conditions of this Agreement in accordance with their expressed intent.
Upon execution of the Agreement, Franchisee must execute Exhibit B attached hereto and furnish to Supplier the bank and account number, a voided check from such bank account, and written authorization for Supplier to withdraw funds from the bank account via EFT without further consent or authorization for all payments payable by Franchisee to Supplier hereunder.
Franchisee must execute any documents as may be necessary to effectuate and maintain the EFT arrangement as required by Supplier.
The designated bank account must be located within the United States and governed by its laws.
If Franchisee changes banks or accounts for the bank account required by this Section
- 3(d), Franchisee must, prior to such change, provide such information concerning the new account and an authorization to make withdrawals therefrom.
Franchisee's failure to provide such information concerning the bank account required by this Section 3(d) or any new account, or Franchisee's withdrawal of consent to withdrawals for whatever reason and by whatever method, will be a breach of the Agreement.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, both parties agree to perform further actions and deliver additional documents, instruments, agreements, and assurances as needed to fulfill the terms and conditions of their agreement. This ensures that the agreement's intent is fully carried out.
Specifically, a Beggars Pizza franchisee is required to execute Exhibit B, which is attached to the agreement. This exhibit involves providing the bank name and account number, a voided check, and written authorization allowing the supplier to withdraw funds via EFT for all payments due. The designated bank account must be located within the United States and governed by its laws. The franchisee must also execute any documents necessary to maintain the EFT arrangement as required by the supplier.
If the franchisee changes banks or accounts, they must provide information about the new account and authorization for withdrawals before the change occurs. Failure to provide this information or withdrawing consent for withdrawals constitutes a breach of the agreement. This ensures that Beggars Pizza and its suppliers have a reliable method for receiving payments from the franchisee.