factual

Does the Dryject franchise agreement authorize Dryject and its affiliates to initiate debit entries to my accounts for payments?

Dryject Franchise · 2025 FDD

Answer 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 Dryject's 2025 Franchise Disclosure Document, Dryject and its affiliates are authorized to initiate debit entries to a franchisee's accounts for payments. Specifically, Dryject is permitted to debit a franchisee's checking, savings, or other accounts for the payment of Royalty Service Fees, Marketing Fund Fees, and any other amounts due under the Franchise Agreement or otherwise.

To facilitate this process, a Dryject franchisee must complete and sign the Electronic Funds Transfer Agreement, which is attached to the Franchise Agreement as Addendum F. The franchisee is also required to comply with Dryject's procedures and instructions related to the direct debit process and must sign all necessary documents or take any required actions to enable this authorization.

This authorization allows Dryject to directly withdraw funds from the franchisee's account for various fees and payments, ensuring timely and consistent payment. While this provides convenience, prospective franchisees should carefully review the Electronic Funds Transfer Agreement and understand the procedures involved. Franchisees should also ensure they maintain sufficient funds in their designated accounts to avoid any potential issues or penalties related to failed debit entries.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.