Does the Dryject FDD include an addendum for an Electronic Funds Transfer Agreement, and if so, what is its designation?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (l) You authorize Us and Our affiliates to initiate debit entries and credit correction entries to Your checking, savings or other accounts for the payment of Royalty Service Fees, Marketing Fund Fees, and any other amounts due from You under this Agreement or otherwise. You must complete and sign the Electronic Funds Transfer Agreement attached to this Agreement as Addendum F. You shall comply with Our procedures and instructions in connection with the direct debit process, and shall sign all documents or take any action that may be required to effect this authorization.
Source: Item 23 — RECEIPT (FDD pages 50–68)
What This Means (2025 FDD)
According to the 2025 Dryject FDD, an Electronic Funds Transfer Agreement is included as part of the franchise agreement. Specifically, franchisees are required to authorize Dryject to initiate debit entries for payments.
The FDD states that franchisees must complete and sign the Electronic Funds Transfer Agreement, which is attached to the agreement as Addendum F. This agreement allows Dryject and its affiliates to debit the franchisee's accounts for fees and other amounts owed under the agreement.
This requirement ensures that Dryject can efficiently collect royalties, marketing fund fees, and other payments. Franchisees must comply with Dryject's procedures for the direct debit process and sign all necessary documents to authorize these transactions.