Where can I find the ACH Authorization Form mentioned in the Casiola FDD?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
You will be required to sign an ACH Authorization Form (Franchise Agreement, Exhibit 4) permitting us to electronically debit your designated bank account for payment of all fees payable to us and/or our affiliates. You must deposit the Gross Sales of your Casiola Business into the designated bank accounts that are subject to our ACH authorization.
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the ACH Authorization Form that permits Casiola to electronically debit a franchisee's bank account for fees is included as Exhibit 4 to the Franchise Agreement. This form is required to be signed by the franchisee.
This means that as a Casiola franchisee, you will authorize Casiola to automatically withdraw payments from your designated business bank account to cover various fees owed to them or their affiliates. This is a fairly standard practice in franchising, ensuring timely payments and reducing administrative burdens for both the franchisee and franchisor.
It is important to carefully review Exhibit 4 of the Franchise Agreement to fully understand the terms and conditions of the ACH authorization, including the types of fees that will be debited, the frequency of payments, and the procedures for modifying or terminating the authorization. Franchisees must also deposit the Gross Sales of their Casiola Business into the designated bank accounts that are subject to Casiola's ACH authorization.