Which articles in the Boulder Designs franchise agreement detail the franchisee's obligations regarding fees?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
I will comply with all of the provisions contained in Article 7 of the Franchise Agreement concerning the use of the Confidential Information.
I will comply with all of the provisions contained in Article 18 of the Franchise Agreement concerning the assignment of my interests in the Franchisee.
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 22–23)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the excerpts provided do not explicitly state which articles of the Boulder Designs franchise agreement outline the franchisee's obligations regarding fees. However, Article 7 is mentioned in the Guaranty and Assumption of Obligations, concerning the use of confidential information. Additionally, Article 18 is mentioned regarding the assignment of interests in the Franchisee.
To fully understand a franchisee's obligations regarding fees, it would be important to consult the full franchise agreement and specifically review any sections related to initial franchise fees, royalties, advertising fees, technology fees, transfer fees, and renewal fees. It is also important to understand under what conditions these fees are payable and if they are refundable.
A prospective Boulder Designs franchisee should ask the franchisor to specify which articles in the franchise agreement detail all fee obligations. They should also seek clarification on how and when these fees are to be paid, and what the consequences are for late or non-payment.