What is the title of Exhibit C to the Buona Area Development Agreement?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| EXHIBIT A: | APPROVED LOCATION AND BUONA PROTECTED AREA ADDENDUM |
|---|---|
| EXHIBIT B: | ADDENDUM TO LEASE AND COLLATERAL ASSIGNMENT OF LEASE |
| EXHIBIT C: | AUTOMATED CLEARING HOUSE PAYMENT AUTHORIZATION FORM |
| EXHIBIT D: | STATEMENT OF OWNERSHIP |
| EXHIBIT E: | GUARANTY AND ASSUMPTION OF FRANCHISEE'S OBLIGATIONS |
| EXHIBIT F: | SECURITY AGREEMENT |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Exhibit C to the Area Development Agreement is titled, "AUTOMATED CLEARING HOUSE PAYMENT AUTHORIZATION FORM". This exhibit is one of several that a franchisee will need to review and understand as part of the franchising agreement.
Understanding the purpose of Exhibit C is important for prospective Buona franchisees. This form authorizes Buona to collect payments via Automated Clearing House (ACH), which is a common method for recurring payments in franchising. This means that certain fees or other financial obligations to Buona may be automatically debited from the franchisee's bank account.
Prospective franchisees should carefully review this form to understand the payment terms, amounts, and frequency of ACH transfers. It is also important to understand the procedures for modifying or canceling the authorization, as well as any potential fees or penalties associated with failed payments.