factual

What documentation must a Cd One Price Cleaners franchisee sign to implement EFT?

Cd_One_Price_Cleaners Franchise · 2025 FDD

Answer from 2025 FDD Document

We may require you to pay all amounts owed to us or our affiliates by electronic fund transfer, preauthorized auto-draft arrangement ("EFT"), or any other method we periodically specify. You must sign the EFT Authorization Documentation attached to the Franchise Agreement and PUD Addendum and other documents we periodically specify to implement any EFT or other payment method.

Source: Item 6 — Other Fees (FDD pages 13–20)

What This Means (2025 FDD)

According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, to implement electronic fund transfer (EFT) or any other payment method, a franchisee must sign the EFT Authorization Documentation. This documentation is attached to the Franchise Agreement and PUD Addendum, as well as any other documents that Cd One Price Cleaners may periodically specify.

This requirement ensures that Cd One Price Cleaners has the necessary authorization to collect fees and other amounts owed by the franchisee via EFT. By signing these documents, the franchisee agrees to allow Cd One Price Cleaners to debit their account for the specified amounts. This is a standard practice in franchising, as it streamlines the payment process and ensures timely collection of fees.

Prospective franchisees should carefully review the EFT Authorization Documentation and understand the terms and conditions before signing. They should also be aware of any other documents that Cd One Price Cleaners may require for EFT implementation, as these may contain additional obligations or liabilities. It is important to note that Cd One Price Cleaners may change the required payment method periodically, so franchisees should stay informed of any updates or changes to the payment process.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.