When are Care Plus Medical Ucc franchisees required to pay the costs of collection?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Costs of collection | Our actual costs | As incurred | Payable if we incur costs (including reasonable attorney fees) in attempting to collect amounts you owe to us. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, franchisees are required to pay costs of collection as they are incurred. These costs include Care Plus Medical Ucc's actual costs, including reasonable attorney fees, that the company incurs while attempting to collect amounts owed to them by the franchisee.
This means that if a Care Plus Medical Ucc franchisee fails to make required payments, they are responsible not only for the original amount owed but also for any expenses Care Plus Medical Ucc incurs in the process of trying to recover those funds. This includes legal fees if Care Plus Medical Ucc has to hire an attorney to pursue the debt.
For a prospective Care Plus Medical Ucc franchisee, this highlights the importance of maintaining timely payments to avoid additional financial burdens. It's a fairly standard practice in franchising for the franchisee to bear the costs of collection if they default on their payment obligations.