Within how many days after the expiration or termination of the Carvel franchise agreement must the franchisee pay all outstanding amounts?

According to Carvel's 2025 Franchise Disclosure Document, a franchisee must pay all outstanding amounts owed to Carvel and its affiliates within 5 days after the expiration or termination of the franchise agreement. This requirement is part of the general obligations a franchisee has upon the end of their agreement.

This means that a former Carvel franchisee has a very short window to settle all financial obligations with the company. This includes not only outstanding fees but also any other amounts owed under the agreement. Failing to meet this deadline could result in further penalties or legal action from Carvel.

It is important for prospective franchisees to understand this obligation and ensure they have a plan in place to manage their finances in the event of termination or expiration. This could involve setting aside funds to cover any outstanding amounts or establishing a system for tracking and paying fees promptly. Franchisees should also be aware of the potential consequences of failing to meet this deadline and seek legal advice if they have any concerns.