Does Dryject's acceptance of late payments constitute an agreement to accept such payments after they are due?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
You acknowledge that this Subsection shall not constitute agreement by Us to accept such payments after they are due, or a commitment by Us to extend credit to, or otherwise finance Your operation of the Franchised Business.
Any acceptance of an amount which is less than the full amount due shall not be considered a waiver of Our right to (or Your obligation for) the full amount then due, or which may become due in the future.
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Dryject's acceptance of late payments does not constitute an agreement to accept such payments after they are due. The FDD explicitly states that Dryject's acceptance of payments after the due date does not represent an agreement to continue accepting late payments, nor does it indicate a commitment to extend credit or finance the franchisee's business operations. This means that even if Dryject has accepted late payments in the past, they are not obligated to do so in the future.
Furthermore, the document clarifies that accepting a partial payment does not waive Dryject's right to the full amount owed, either for the current balance or any future amounts due. This provision protects Dryject's financial interests by ensuring they can still pursue the full amount owed, even if they have accepted a lesser payment.
This policy is fairly standard in franchising, as franchisors need to maintain consistent payment schedules to manage their own finances and obligations. Franchisees should be aware of this clause and make every effort to pay fees on time to avoid potential penalties or legal action from Dryject.