When must funds be available to Canopy Lawn Care for withdrawal via electronic transfer?

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, franchisees must ensure funds are available for Canopy Lawn Care to withdraw via electronic transfer no later than the payment due date. This requirement is part of the procedure where Canopy Lawn Care is authorized to initiate debit entries to a designated checking or savings account for payments of fees and other amounts payable, including any interest owed.

This means that a Canopy Lawn Care franchisee needs to proactively manage their bank account to avoid any insufficient funds issues. They must authorize Canopy Lawn Care to debit their account for various fees. This authorization is typically provided through a direct debit authorization form attached to the Franchise Agreement.

It's important for prospective franchisees to understand the due dates for all fees and contributions, such as Royalty Fees and Brand Fund Contributions, as failure to have sufficient funds available can result in additional fees or penalties. Canopy Lawn Care has the option to debit the franchisee's account for unpaid monthly Royalty Fees and Brand Fund Contributions if payments are not made on time. This electronic transfer system ensures timely payments and reduces administrative burdens for both the franchisee and Canopy Lawn Care.