What happens if an attachment or lien remains on a Better Blend business for 30 days?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee shall pay all vendors and suppliers in a timely manner.
Franchisee shall pay all taxes when due.
If Franchisee borrows money, it shall comply with the terms of its loan and make all loan payments when due.
If Franchisee leases the Location, Franchisee shall comply with its lease for the Location and make all rent payments when due.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
I am unable to provide information from the 2024 Better Blend FDD regarding the specific consequences if an attachment or lien remains on a Better Blend business for 30 days. The provided excerpts from the FDD do not address this scenario.
However, the FDD does outline the franchisee's obligations to third parties, stating that the franchisee must pay all vendors and suppliers in a timely manner, pay all taxes when due, comply with the terms of any loans, and comply with any location leases, making all rent payments when due.
To fully understand the implications of an attachment or lien on a Better Blend franchise, prospective franchisees should ask the franchisor for specific details about this situation, including potential penalties, the franchisor's rights, and any remedies available to the franchisee.