Is the interest payment for late payments to Chicken Guy in addition to other remedies available to Chicken Guy?

According to the 2025 Chicken Guy Franchise Disclosure Document, the payment of interest on past due obligations by a franchisee is in addition to all other remedies and rights available to Chicken Guy. This means that Chicken Guy can pursue other legal or contractual remedies in addition to charging interest on late payments.

For a prospective franchisee, this implies that failing to make timely payments to Chicken Guy can result in multiple penalties. Besides the interest charged on the outstanding amount, Chicken Guy retains the right to pursue any other available remedies, which could include legal action, termination of the franchise agreement, or other contractual penalties. The interest charged on late payments will be the maximum rate permitted for indebtedness of this nature in the state in which the Franchised Restaurant is located, not to exceed 1.5% per month or a portion of a month.

This clause is a standard protection for franchisors, ensuring they have various avenues to recover owed amounts and enforce the franchise agreement. Franchisees should be aware of this provision and ensure timely payments to avoid triggering these additional remedies. It is important to note that the specific remedies available to Chicken Guy will be detailed in the franchise agreement and applicable law, which the franchisee should carefully review.