factual

How will the supplier notify a Beggars Pizza franchisee of a failure to pay an invoice?

Beggars_Pizza Franchise · 2025 FDD

Answer 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, if a franchisee fails to pay an invoice within the specified period, the supplier will provide the franchisee with notice of such failure. Upon receiving this notice, the franchisee has five days to correct the payment failure.

This means that a Beggars Pizza franchisee will receive a notification from the supplier if they miss an invoice payment. This notice serves as a warning and provides a short window to rectify the situation before further action is taken. The franchisee must act quickly to resolve the payment issue within the five-day cure period to avoid potential consequences.

If the franchisee does not make the required payments within the five-day cure period, the supplier has the right to immediately terminate the agreement. This highlights the importance of timely payments and the potential severity of failing to meet financial obligations to the supplier. Franchisees should ensure they have systems in place to manage and track invoice payments to avoid such situations.

This type of payment and notification structure is fairly standard in franchising, as it protects the supplier's interests while giving the franchisee an opportunity to correct any errors or oversights. However, the short cure period of only five days underscores the need for franchisees to maintain diligent financial practices.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.