What is the minimum late fee that Crepe De Licious charges for late payments?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
her approval requests under this Agreement and will not unreasonably delay our approvals or disapprovals allowed or required by this Agreement. If you violate any provision of this Section, in addition to all other remedies availabl
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
Based on the 2025 Crepe De Licious Franchise Disclosure Document, if a franchisee violates the marketing provisions outlined in Section 5.13, they will be required to pay an unauthorized advertising fee. This fee is set at $500 per occurrence and is payable to the Advertising Fund. This fee is intended to offset any damage caused by the franchisee's breach of the marketing terms within the agreement.
This means that if a Crepe De Licious franchisee engages in unauthorized advertising or marketing activities, they will incur a minimum fee of $500 for each instance. This fee is in addition to any other remedies that Crepe De Licious may pursue for the violation. The funds collected from these fees are specifically designated for the Advertising Fund, which is used to support marketing and advertising efforts for the Crepe De Licious brand as a whole.
For a prospective franchisee, this highlights the importance of adhering to the marketing guidelines and obtaining proper approval for any advertising or promotional activities. Failure to do so can result in significant financial penalties. It is essential to understand the specific requirements and restrictions outlined in the franchise agreement to avoid incurring these unauthorized advertising fees. Franchisees should maintain open communication with Crepe De Licious regarding marketing initiatives to ensure compliance and avoid potential violations.