For Card My Yard, what days are not considered a 'Business Day'?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
"Business Day" means each day other than a Saturday, Sunday, U.S. holidays or any other day on which the Federal Reserve is not open for business in the United States.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, a 'Business Day' is defined as any day other than Saturdays, Sundays, U.S. holidays, or any day the Federal Reserve is not open for business in the United States. This definition is important for franchisees to understand, as it impacts deadlines and timelines specified in the Franchise Agreement.
For example, if Card My Yard requires a franchisee to submit certain documents within a specified number of business days, the franchisee must exclude Saturdays, Sundays, U.S. holidays, and days the Federal Reserve is closed when calculating the deadline. This ensures that franchisees have the full intended time to fulfill their obligations.
Understanding this definition is crucial for franchisees to avoid potential breaches of contract due to miscalculated deadlines. Franchisees should consult a legal professional to fully understand the implications of this definition and how it affects their rights and responsibilities under the Franchise Agreement.