What is the maximum timeframe Card My Yard franchisees have to purchase new equipment after notification?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
ent Related to New Products and Services
If we require you to begin offering any new products or services, we will provide you with 90 days' notice ofsuch requirements and identify the items or equipment that you must purchase in order to offer such new products or services. If you fail to purchase the items or equipment required to offer the new products or services within a reasonable time after notification (in no event longer than 90 days), we may, at our option, purchase such items or equipment on your behalf and ship them to you while deducting the costs of the items and shipping (up to $1,000 per year) from your d
Source: Item 16 — RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL (FDD page 50)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, if Card My Yard requires franchisees to begin offering new products or services, they will provide 90 days' notice, identifying the necessary items or equipment for purchase.
If a franchisee fails to purchase the required items or equipment within a reasonable time after this notification, the maximum timeframe is 90 days. After this period, Card My Yard has the option to purchase the items or equipment on behalf of the franchisee.
Card My Yard will then ship the items to the franchisee and deduct the costs of the items and shipping from the franchisee's designated account via ACH/EFT withdrawal. The deduction is capped at $1,000 per year.