When are Deer Solution Royalty Fee payments due if paid on a weekly basis?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Payment and Due Date: The Royalty Fee shall be calculated and, at the election of Franchisor and as shall be determined by Franchisor, shall be payable to Franchisor, either: (a) instantly and continuously, on a per transaction / per receipt basis on each and every dollar of Gross Sales related to the Franchised Business that is received and/or processed by Franchisor, Franchisor's affiliates, Franchisor approved and designated third party vendors, and/or by Franchisee; or (b) a weekly basis for each respective weekly Accounting Period in which case Royalty Fee payments shall be paid by Franchisee to Franchisor weekly by ACH, electronic funds transfer, or as otherwise designated by Franchisor and shall be due on the Tuesday of each weekly Accounting Period for the immediately preceding week, and each week thereafter throughout the entire Term of this Agreement, or such other specific day of the week that Franchisor designates from time to time or for such other period that Franchisor may designate (the "Due Date").
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, if the Royalty Fee is paid on a weekly basis, payments are due on the Tuesday of each weekly Accounting Period for the immediately preceding week. This payment schedule continues throughout the entire term of the agreement. However, Deer Solution retains the right to designate a different specific day of the week or another period for these payments.
For a prospective Deer Solution franchisee, this means that they must ensure that royalty payments are made weekly by ACH, electronic funds transfer, or another method designated by Deer Solution. The standard due date is Tuesday for the previous week's sales, but franchisees must stay informed of any changes to this schedule as Deer Solution can modify the due date.
It is important for franchisees to maintain accurate records of their gross sales and financial performance to ensure timely and correct royalty payments. Additionally, franchisees should be prepared to comply with Deer Solution's requirements for reporting this information, as they must submit a Royalty and Activity Report each week on the Due Date. Franchisees should also be aware that Deer Solution has the right to verify these royalty payments as deemed necessary.