Can Checkers change the definition of the 'Bi-weekly Period'?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
"Bi-weekly Period" – Each two (2)-week period starting on Tuesday and continuing through the second Monday thereafter, subject to change by us, and provided that the first Bi-weekly Period in any Fiscal Year shall begin on the first day of our Fiscal Year for that year, regardless of the day in the calendar week upon which that first day falls (currently the Tuesday closest to any December 31st, whether arising in late December of one calendar year or early January of the following calendar year).
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, Checkers has the right to change the definition of the 'Bi-weekly Period'.
The 'Bi-weekly Period' is defined as each two-week period starting on Tuesday and continuing through the second Monday thereafter. However, Checkers reserves the right to change this definition. The first Bi-weekly Period in any Fiscal Year will begin on the first day of Checkers' Fiscal Year for that year, regardless of the day in the calendar week upon which that first day falls. Currently, the first day of the Fiscal Year is the Tuesday closest to any December 31st, whether arising in late December of one calendar year or early January of the following calendar year.
This clause gives Checkers flexibility in managing its accounting and reporting periods. For a franchisee, this means that the timing of royalty payments or other financial obligations could shift if Checkers decides to alter the 'Bi-weekly Period'. It is important for prospective franchisees to understand that such changes are possible and to factor this potential variability into their financial planning and cash flow projections.