What specific documents must a Beggars Pizza franchisee execute to maintain the EFT arrangement?

According to the 2025 Beggars Pizza Franchise Disclosure Document, to maintain the Electronic Funds Transfer (EFT) arrangement with the supplier, a franchisee must execute several documents. Upon signing the franchise agreement, the franchisee is required to complete Exhibit B and provide the supplier with their bank name and account number, a voided check from the designated bank account, and written authorization allowing the supplier to withdraw funds via EFT for all payments owed. This initial setup ensures the supplier can automatically collect payments. The designated bank account must be located within the United States and governed by its laws. Franchisees are responsible for all costs associated with these transfers.

Beyond the initial setup, the Beggars Pizza franchisee must also execute any additional documents deemed necessary by the supplier to keep the EFT arrangement active. This clause provides the supplier with the flexibility to request further documentation as needed. If a franchisee changes banks or accounts, they must proactively provide the new account information and authorization for withdrawals before the change takes effect.

Failure to provide the required bank account information, or withdrawing consent for EFT withdrawals, constitutes a breach of the Beggars Pizza franchise agreement. This highlights the importance of maintaining a stable banking relationship and adhering to the EFT requirements to avoid potential penalties or termination of the agreement. The supplier also reserves the right to specify or change the Accounting Period in the Manual or in writing from time to time.