factual
What is the due date for paying Better Blend's expenses if they cure a franchisee's non-compliance?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Our expenses | We may take any action we deem | ||
| appropriate to resolve a customer | |||
| complaint about your business. If we | |||
| respond to a customer complaint, we may | |||
| require you to reimburse us for our | |||
| expenses. | |||
| Payable only if (1) we audit you because | |||
| you have failed to submit required reports | |||
| or other non-compliance, or (2) the audit | |||
| concludes that you under-reported | |||
| adjusted gross sales b | |||
| any 4-week period. | |||
| Payable only if we conduct an inspection | |||
| of your business because of a | |||
| governmental report, customer complaint | |||
| or other customer feedback, or your | |||
| default or non-compliance with any | |||
| system specification. | |||
| We may cure your non-compliance on | |||
| your behalf (for example, if you do not | |||
| have required insurance, we may purchase | |||
| insurance for you), and you will owe our | |||
| costs plus a 10% administrative fee. |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, if Better Blend cures a franchisee's non-compliance, the franchisee will owe Better Blend's costs plus a 10% administrative fee. However, the FDD does not specify a due date for these expenses.
In instances where Better Blend pays an amount that a franchisee owes to a third party, the franchisee must reimburse Better Blend. Again, the FDD does not specify a due date for this reimbursement.
Prospective franchisees should inquire with Better Blend about the standard payment terms and due dates associated with these types of expenses to fully understand their financial obligations and avoid potential late fees or other penalties.
Disclaimer: This information is extracted from the 2024 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.