Does the Deer Solution franchise agreement specify that the 'Accounting Period' is for the payment of fees?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
"Accounting Period" refers to and means the period of time selected and determined by Franchisor for the required measurement and reporting of financial information and payment of financial obligations by Franchisee. The applicable measurement period will be determined by Franchisor from time to time with respect to Franchisee's obligations to report financial information and data to Franchisor and Franchisee's payment of all fees, including, and other obligations under this Agreement. The respective "Accounting Period" shall be those Franchisor designated times, whether, instantly on a recurring basis upon receipt of Gross Sales, weekly, monthly, or otherwise, as designated by Franchisor, with all such Accounting Periods automatically commencing on the earlier of the (a) Scheduled Business Commencement Date, or (b) the Actual Business Commencement Date of the Franchised Business and, continuing, throughout the Term of this Agreement. Unless otherwise designated by Franchisor at any time, unless otherwise specified in this Agreement, the Accounting Period shall be a weekly period for each and every week throughout the Term of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to the 2025 Deer Solution Franchise Disclosure Document, the 'Accounting Period' is used for the payment of financial obligations by the franchisee. The franchisor determines the measurement period for reporting financial information and data, as well as the payment of all fees and other obligations under the agreement.
The accounting period is designated by Deer Solution, and can be instantly on a recurring basis upon receipt of Gross Sales, weekly, monthly, or otherwise. Unless otherwise specified, the accounting period is weekly throughout the term of the agreement. The accounting period commences on the earlier of the Scheduled Business Commencement Date, or the Actual Business Commencement Date.
This means that a Deer Solution franchisee's financial reporting and fee payment schedule is tied to the 'Accounting Period' as defined by the franchisor. The franchisor has the discretion to set the accounting period and can change it over time. The franchisee must adhere to this schedule for reporting financial data and paying all required fees, which are typically done on a weekly basis unless otherwise specified.