factual

How does Burneys Sweets More handle overpayments of royalties?

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

Any overpayment will be credited to the Account effective as of the first reporting date after Franchisor and Franchisee determine that such credit is due.

Source: Item 22 — CONTRACTS (FDD page 50)

What This Means (2025 FDD)

According to Burneys Sweets More's 2025 Franchise Disclosure Document, if a franchisee overpays royalties, the overpayment will be credited to the franchisee's account. This credit becomes effective as of the first reporting date after both Burneys Sweets More and the franchisee determine that the credit is due.

This process ensures that franchisees are not penalized for accidental overpayments and that the excess funds are properly accounted for. The credit applied to the franchisee's account can then be used to offset future royalty payments or other fees owed to Burneys Sweets More.

It is important for franchisees to maintain accurate records of their gross sales and royalty payments to ensure that any overpayments are promptly identified and credited. Franchisees should also communicate effectively with Burneys Sweets More to confirm the overpayment and ensure that the credit is applied to their account in a timely manner.

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.