When is the 'Fulfilled Orders Report' due for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
"Fulfilled Orders Report" means the bi-weekly report,in the form and manner we require, due on the Monday prior to the applicable Net Proceeds distribution date during the term of this Agreement, itemizing the Gross Sales of the Card My Yard business for the applicable royalty period.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the Fulfilled Orders Report is a bi-weekly report that franchisees must submit. This report is due on the Monday prior to the applicable Net Proceeds distribution date during the term of the Franchise Agreement. The report should itemize the Gross Sales of the Card My Yard business for the applicable royalty period and must be in the form and manner required by Card My Yard.
This means that as a Card My Yard franchisee, you'll need to track your sales meticulously and prepare this report every two weeks. The due date is specifically set to the Monday before the distribution of net proceeds, ensuring that Card My Yard has the necessary sales data for accurate calculations and distributions. Failing to submit this report on time or in the correct format could potentially lead to delays in receiving your net proceeds or other penalties as outlined in the franchise agreement.
It is important for prospective franchisees to understand the specific format and requirements for the Fulfilled Orders Report, as well as the consequences of late or inaccurate submissions. This bi-weekly reporting requirement is a key aspect of maintaining transparency and accountability within the Card My Yard franchise system.