Does the Deer Solution franchise agreement specify how often the 'Accounting Period' can recur?
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 defined as the timeframe the franchisor selects for franchisees to measure, report, and pay financial obligations. Deer Solution determines the applicable measurement period for franchisees to report financial information and data, as well as pay all fees and other obligations under the agreement.
The accounting period can be designated by Deer Solution to occur instantly upon receipt of Gross Sales, weekly, monthly, or otherwise. These accounting periods automatically start on the earlier of the Scheduled Business Commencement Date or the Actual Business Commencement Date and continue throughout the term of the agreement.
Unless Deer Solution specifies otherwise, the accounting period is weekly for every week during the term of the agreement. This means that, unless notified differently, a Deer Solution franchisee should expect to report and remit fees on a weekly basis, which is more frequent than some other franchises that operate on monthly or quarterly accounting periods.