What is the name of the authorization form for electronic transfer of funds for Bumper Man?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C TO FRANCHISE AGREEMENT
ELECTRONIC FUNDS TRANSFER AUTHORIZATION FORM
- (g) Electronic Transfer of Funds. Upon execution of this Agreement and at any time thereafter as Franchisor may require, Franchisee must sign the electronic transfer of funds authorization attached to this Agreement as Exhibit C, and all other documents and instruments necessary to permit Franchisor to disburse by electronic funds transfer to Franchisee's designated bank account the remaining balance of invoiced amounts after deduction of the Continuing Service Fee and any other amounts owed to Franchisor or its Affiliates. Franchisee is responsible for any service charges, penalties, fines, or other similar expenses associated with the transfer of funds described herein.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the authorization form for electronic transfer of funds is called the "Electronic Funds Transfer Authorization Form." This form is included as Exhibit C to the Franchise Agreement.
As a Bumper Man franchisee, you must sign this authorization form upon execution of the Franchise Agreement, and at any time thereafter if required by Bumper Man. This allows Bumper Man to electronically disburse the remaining balance of invoiced amounts to your designated bank account, after deducting the Continuing Service Fee and any other amounts owed to Bumper Man or its affiliates.
It is important to note that the franchisee is responsible for any service charges, penalties, fines, or other similar expenses associated with the transfer of funds. This means that any fees charged by your bank for receiving electronic transfers will be your responsibility, not Bumper Man's.