What is the Bombs Away franchisee's obligation regarding Bombs Away Franchising's payment instructions?

According to Bombs Away's 2024 Franchise Disclosure Document, franchisees must comply with Bombs Away Franchising's payment instructions. This means that franchisees are obligated to follow the specific methods and procedures that Bombs Away Franchising sets forth for remitting payments such as Royalty Fees, Marketing Fund Contributions, and any other amounts owed to the company.

Bombs Away requires that franchisees pay via pre-authorized bank draft or any other method they specify. This gives Bombs Away Franchising control over how they receive payments and allows them to adapt their preferred payment methods as needed. Franchisees need to stay informed about any changes to these instructions to avoid potential issues such as late fees or other penalties.

This requirement is fairly standard in franchising, as it ensures that the franchisor can efficiently manage and track payments from all franchisees. For a prospective Bombs Away franchisee, this means being prepared to set up pre-authorized bank drafts or use other specified payment methods and staying attentive to any updates or changes communicated by Bombs Away Franchising regarding payment procedures.