What form must I sign for payment authorization when paying the Chesters training fee?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
as we deem appropriate regarding the Restaurant's operation and new developments, techniques, and improvements in areas of Restaurant management, food preparation, sales promotion, and service.
5. Fees.
- (a) Training Fee. You must pay us a $3,500 training fee, due upon the Effective Date of this Agreement. The training fee is not re
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, to pay the $3,500 training fee, a franchisee must sign the payment authorization form attached to the agreement as Exhibit A. This fee is due upon the effective date of the franchise agreement and is non-refundable under any circumstances, as it is considered earned upon receipt by Chesters.
Payment for the training fee can be made via credit card or automated clearing house (ACH) transfer. The requirement to sign a payment authorization form, especially for ACH transfers, is a standard practice to ensure that Chesters is authorized to debit the franchisee's account for the agreed-upon fees.
Prospective franchisees should carefully review Exhibit A and understand the terms of the payment authorization before signing. It is important to ensure that the banking information provided is accurate and that the franchisee is aware of the payment schedule to avoid any potential issues with the payment process. Understanding these payment terms is a crucial part of the financial planning for a new Chesters franchise.