conditional

Under what conditions will a Body Brain Center franchisee NOT be charged a late fee?

Body_Brain_Center Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (12) We may charge the late fee on all overdue amounts under the Franchise Agreement. If the Franchise Agreement does not specify a due date, interest begins to accrue 10 days after billing. If there are sufficient funds in your designated checking account to cover all amounts due us as these amounts become due and you provide us with reports of Program Sales and record sales on a timely basis, you will not be charged a late fee.

Source: Item 6 — OTHER FEES (FDD pages 11–14)

What This Means (2025 FDD)

According to Body Brain Center's 2025 Franchise Disclosure Document, a franchisee will not be charged a late fee under specific conditions. A late fee may be charged on all overdue amounts under the Franchise Agreement, with interest accruing 10 days after billing if no due date is specified in the agreement. However, a franchisee will avoid late fees if they maintain sufficient funds in their designated checking account to cover all amounts due to Body Brain Center as they become due.

Additionally, to avoid late fees, the franchisee must provide Body Brain Center with timely reports of Program Sales and accurately record all sales. Meeting these conditions ensures that payments are processed on time and that Body Brain Center has the necessary financial information promptly.

This policy encourages franchisees to manage their finances responsibly and maintain transparent reporting practices. By adhering to these guidelines, Body Brain Center franchisees can avoid incurring additional costs in the form of late fees, contributing to better financial management and a more positive relationship with the franchisor.

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.