Where can I find the ACH Authorization Form that Deck Medic requires?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
You will be required to sign an ACH Authorization Form (Franchise Agreement, Exhibit 4) permitting us to electronically debit your designated bank account for payment of all fees payable to us and/or our affiliates. You must deposit the Gross Sales of your Deck Medic Business into the designated bank accounts that are subject to our ACH authorization. You must install and use, at your expense, the pre-authorized payment, point of sale, credit card processing, automatic payment, automated banking, electronic debit and/or electronic funds transfer systems that
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the ACH Authorization Form is included as Exhibit 4 to the Franchise Agreement. This form allows Deck Medic to electronically debit your designated business bank account for all fees payable to them or their affiliates.
As a prospective franchisee, you will be required to sign this ACH Authorization Form, granting Deck Medic the authority to automatically withdraw payments from your bank account. This is a standard practice in franchising, ensuring timely payment of royalties and other fees.
It is important to note that you must deposit all gross sales from your Deck Medic business into bank accounts subject to this ACH authorization. Additionally, you are responsible for installing and using any pre-authorized payment, point-of-sale, or electronic funds transfer systems that Deck Medic designates, and for covering all associated bank service charges.