factual

What is the consequence if a Bumper Man franchisee fails to submit invoices for processing?

Bumper_Man Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (iv) Franchisee fails to submit invoices to Franchisor for processing for seven or more consecutive Business Days without Franchisor's prior approval;

Source: Item 23 — RECEIPTS (FDD pages 45–180)

What This Means (2025 FDD)

According to the 2025 Bumper Man Franchise Disclosure Document, if a franchisee fails to submit invoices to Bumper Man for processing for seven or more consecutive business days without prior approval from the franchisor, it constitutes an event of default.

This event of default allows Bumper Man to terminate the franchise agreement with the franchisee if the failure to submit invoices is not corrected. The franchisor must provide notice to the franchisee, giving them an opportunity to rectify the situation within a specified cure period. However, if the franchisee fails to cure the default within the given timeframe, Bumper Man has the right to terminate the agreement.

This policy highlights the importance of timely invoice submission for Bumper Man franchisees. Failing to meet this requirement can lead to serious consequences, including the potential loss of the franchise. Franchisees should ensure they have systems in place to consistently submit invoices within the required timeframe to avoid falling into default and risking termination of their franchise agreement.

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.