What forms of payment are acceptable for license fees from a Bens Soft Pretzels Sublicensee?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
1.3 Sublicensee's Assumption of Duties under the License. Sublicensee agrees that as of the date of this Sublicense to assume, be subject to and to perform each and every condition and obligation to be performed by Sublicensor under the provisions of the License or to which Sublicensor is subject thereunder, except that all license fees and other amounts payable to Licensor under the License shall be paid to Sublicensor in accordance with Section 2.3 hereof.
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
The 2025 Bens Soft Pretzels Franchise Disclosure Document does not specify the acceptable forms of payment for license fees from a Sublicensee. However, it does state in Section 1.3 that "all license fees and other amounts payable to Licensor under the License shall be paid to Sublicensor in accordance with Section 2.3 hereof."
Because the acceptable forms of payment are not explicitly outlined in the provided FDD excerpts, prospective Bens Soft Pretzels franchisees should seek clarification from the franchisor regarding the acceptable payment methods for these fees. Understanding the payment options and any associated restrictions is crucial for managing finances and ensuring compliance with the franchise agreement.
It would be prudent for potential franchisees to inquire about preferred payment methods, such as electronic transfers, checks, or other means, to ensure a smooth and transparent financial relationship with Bens Soft Pretzels.