Does a Better Blend franchisee have to execute all documents reasonably required by BBF related to payment instructions?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
- (a) Method of Payment. Franchisee shall pay the Royalty Fee, Marketing Fund Contribution, Technology Fee, and any other amounts owed to BBF by pre-authorized bank draft or in such other manner as BBF may require. Franchisee shall comply with BBF's payment instructions, including executing all documents reasonably required by BBF. If BBF permits Franchisee to pay by credit card or other method which causes BBF to incur a processing fee, Franchisee shall be responsible for the amount of the processing fee.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, franchisees must comply with Better Blend's payment instructions, which includes executing all documents reasonably required by Better Blend. This obligation extends to the payment of the Royalty Fee, Marketing Fund Contribution, Technology Fee, and any other amounts owed to Better Blend.
Better Blend requires that franchisees make these payments via pre-authorized bank draft or in another manner as Better Blend may require. If Better Blend allows payments via credit card or another method that incurs a processing fee for Better Blend, the franchisee is responsible for covering the amount of that processing fee.
This requirement ensures that Better Blend has the necessary documentation and authorization to manage and collect payments from its franchisees efficiently. It also allows Better Blend to adapt its payment methods and systems as needed, with the franchisee's cooperation in providing the necessary documentation. Franchisees should be aware of potential processing fees if they opt to use payment methods that incur such charges for Better Blend.