How will I be notified if I fail to pay an invoice on time for my Beggars Pizza franchise?
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, if a franchisee fails to pay an invoice within the specified period, the supplier will provide the franchisee with a notice of such failure. Upon receiving this notice, the franchisee has five days to correct the payment failure.
This means that as a Beggars Pizza franchisee, you will receive a notification from the supplier if you miss a payment deadline. This notice serves as an initial warning and provides an opportunity to rectify the situation before further action is taken. It is crucial to act promptly upon receiving such a notice to avoid potential consequences.
However, if the franchisee fails to make the required payments within the five-day cure period, the supplier has the right to immediately terminate the agreement. Therefore, it is essential for franchisees to maintain diligent financial practices and ensure timely payments to avoid the risk of termination. This highlights the importance of managing cash flow effectively and adhering to the payment terms outlined in the franchise agreement.