Besides interest, what other fee does City Publications assess for late payments?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
business in the state where the Franchised Business is located. Franchisee is responsible to pay the print tax where applicable.
H. Late Payments
All Royalty, Appointment Services, Graphics, Printing Brokerage, and Mailing List Rental Fee payments, and postage expenses, payments due for purchases by Franchisee from Franchisor or any Affiliate and other payments due Franchisor, that are not received by Franchisor within five (5) days after the due date, shall bear interest at the highest applicable rate permitted by law not to exceed one and one-half percent (1.5%) per month and each late payment shall also be assessed a late fee of One Hundred Dollars ($100.00). Franchisee acknowledges that this Section 4.J. shall not constitute an agreement by Franchisor or any Affiliate to accept any payments after they are due or a commitment by Franchisor to extend credit to, or otherwise finance the operation of the Franchised Business. Further, Franchi
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, franchisees will be assessed a late fee in addition to interest for payments not received within five days of the due date. Specifically, all Royalty, Appointment Services, Graphics, Printing Brokerage, and Mailing List Rental Fee payments, postage expenses, payments due for purchases, and other payments due to City Publications are subject to these late fees.
The late fee is $100.00 per late payment. The interest charged will be the highest applicable rate permitted by law, but will not exceed 1.5% per month.
City Publications emphasizes that this late payment policy does not obligate them to accept late payments or extend credit to franchisees. Furthermore, failure to pay amounts when due can be grounds for termination of the franchise agreement.