Can a Boulder Designs franchisee withdraw or modify the financial institution's agreement regarding fund transfer instructions without written approval from the franchisor?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Have you |
|---|---|
| received and personally reviewed our Disclosure document we provided to you? | |
| Maryland: | The following only applies to Maryland residents and/or franchises to be operated in the State of All representations requiring prospective franchisees to assent to a release, estoppel or waiver of liability are not intended to nor shall they act as a release, estoppel or waiver of any liability incurred under the Maryland Franchise Registration and Disclosure Law. |
| proprietor). | By signing this Franchisee Disclosure Questionnaire, you are representing that you have responded truthfully to the above questions. You acknowledge that Boulder Designs Franchising, LLC is relying on the accuracy of the above information, and that the information set forth above is true and correct. (The following persons must sign: each owner of a corporation or limited liability company, each partner; or sole |
| FRANCHISEE/APPLICANT | |
| By: | |
| Name, Title | |
| Name, Individually |
TO THE FRANCHISE AGREEMENT AUTHORIZATION AGREEMENT AUTOMATIC DEPOSITS (ACH WITHDRAWALS)
Franchisor Name: Boulder Designs Franchising, LLC
I (We) hereby authorize Boulder Designs Franchising, LLC, hereinafter called Franchisor, to initiate debit entries to my (our) Checking Account/Savings Account (Select One) indicated below at the depository financial institution named below, and to debit the same to such account. I (We) acknowledge that the origination of ACH transactions to my (our) account must comply with the provisions of U.S. Law, and that I will be responsible for any banking fees that my institution charges.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
Based on the 2025 Boulder Designs Franchise Disclosure Document, the document includes an authorization agreement for automatic deposits (ACH withdrawals) that the franchisee must agree to. This agreement authorizes Boulder Designs Franchising, LLC to initiate debit entries to the franchisee's checking or savings account at the specified financial institution.
The franchisee acknowledges that these ACH transactions must comply with U.S. Law and that they will be responsible for any banking fees charged by their institution. The agreement requires the franchisee to provide the name of their financial institution and branch, along with the ACH/Routing Number and Account Number.
The excerpt does not explicitly state whether a Boulder Designs franchisee can withdraw or modify the financial institution's agreement regarding fund transfer instructions without written approval from the franchisor. A prospective franchisee should seek clarification from Boulder Designs regarding the procedure for modifying or withdrawing from this agreement, including any required approvals or notifications.