How long does a Beggars Pizza franchisee have to cure a failure to pay an invoice?
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 the 2025 Beggars Pizza Franchise Disclosure Document, a franchisee has a limited time to correct a failure to pay an invoice. Specifically, if a Beggars Pizza franchisee fails to pay an invoice to the supplier within the agreed-upon timeframe, the supplier will provide notice of the failure.
Upon receiving this notice, the franchisee has five days to cure the payment failure. This means the franchisee must make the outstanding payment within this five-day period to avoid further action from the supplier.
If the franchisee does not make the required payment within the five-day cure period, the supplier has the right to immediately terminate the supply agreement. This could have significant repercussions for the Beggars Pizza franchisee, as it could disrupt their supply of essential products and potentially lead to business closure. It is important for prospective franchisees to understand these payment terms and ensure they have sufficient financial resources to meet their obligations to the supplier.