What section of the Bumper Man Franchise Agreement addresses the disbursement of collected amounts?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
We will disburse amounts collected for bumper repair services that you provide during the previous month on the 1st and 16th day of each month based upon the invoices you submit to us, less the Continuing Service Fee and any other amounts due to us under the Franchise Agreement. (Franchise Agreement – Section 4(e)).
If a Bumper Man customer does not meet our standards for creditworthiness, we may decline to process invoices for such customer. You will cooperate with us in collecting past-due amounts and facilitate bringing the Bumper Man customer's account current so that you may resume performing bumper repair services for such Bumper Man customer.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–27)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Section 4(e) of the Franchise Agreement addresses the disbursement of collected amounts for bumper repair services. Bumper Man will bill customers directly for the services a franchisee performs and collect the amounts owed. The franchisee is responsible for ensuring that their customers pay the invoiced amounts.
Bumper Man will disburse the collected amounts to the franchisee for services provided during the previous month on the 1st and 16th of each month. These disbursements will be based on the invoices the franchisee submits to Bumper Man. The disbursements will be less the Continuing Service Fee and any other amounts due to Bumper Man under the Franchise Agreement.
If a Bumper Man customer does not meet the franchisor's standards for creditworthiness, Bumper Man may decline to process invoices for that customer. The franchisee is expected to cooperate with Bumper Man in collecting past-due amounts and help bring the customer's account current so that the franchisee can resume providing services to that customer.