What is the purpose of Article 5.B in the Deck Medic Franchise Agreement?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
tact, telephone, mail, electronic mail, direct mail, distributed print media, Digital Media, Marketing Media, media distribution and/or marketing directed toward customers, potential customers or referral sources of the Franchised Business.
"Due Date" shall have the meaning defined and set forth in Article 5.B. of this Agreement.
"Effective Date" shall be the date set forth and referred to in the first paragraph of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, Article 5.B of the franchise agreement defines terms related to royalty fees and reporting. Specifically, the FDD states that "Due Date," "Royalty and Activity Report," "Royalty Fee," and "Royalty Rate" shall have the meaning defined and set forth in Article 5.B of the Agreement.
For a prospective Deck Medic franchisee, this means that Article 5.B contains critical information about how and when they must pay royalty fees to Deck Medic. It also outlines the requirements for the Royalty and Activity Report, which franchisees must submit. Understanding these definitions is essential for complying with the financial obligations of the franchise agreement.
Since the actual text of Article 5.B is not provided in the excerpts, it is important for a potential franchisee to carefully review the full franchise agreement and seek clarification from Deck Medic regarding any questions about royalty payments, reporting procedures, and associated deadlines.