What is the name of the agreement that Dryject franchisees must complete for electronic funds transfer?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM F TO FRANCHISE AGREEMENT ELECTRONIC FUNDS TRANSFER (EFT) AUTHORIZATION AGREEMENT FOR DIRECT PAYMENTS
I (We, if joint account) the undersigned hereby authorize DryJect Management, LLC, a Pennsylvania limited liability company, with principal offices at 307 Lincoln Avenue, Hatboro, Pennsylvania 19040, to initiate electronic transfer of funds out of my (our) primary Checking or Savings selected below at the Financial Institution indicated, for payment of Royalty Service Fees or other amounts which I may owe DryJect Management, LLC. I (We) acknowledge that the origination of Automated Clearing House (ACH) transactions to my (our) account must comply with the provisions of the United States law. All costs and expenses, including any resulting from the dishonor by my (our) bank of any electronic funds transfer, shall be my (our) sole responsibility. This authorization is irrevocable and shall remain in effect until the termination or expiration of the underlying Franchise Agreement with DryJect Management, LLC. If I (we) do not have enough money in my (our) account to cover the transfer or if my (our) Financial Institution for any other reason refuses to honor a transfer, I (we) will separately pay for the charges I (we) owe under my (our) Franchise Agreement with DryJect Management, LLC.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, franchisees are required to complete the "Electronic Funds Transfer (EFT) Authorization Agreement for Direct Payments" to authorize electronic transfers for payments. This agreement allows Dryject Management, LLC to electronically transfer funds from the franchisee's designated checking or savings account to cover Royalty Service Fees or other amounts owed to Dryject.
By signing this agreement, the franchisee acknowledges that all Automated Clearing House (ACH) transactions must comply with United States law. The franchisee is also responsible for all costs and expenses, including those resulting from any dishonored electronic funds transfers.
The authorization remains in effect until the termination or expiration of the Franchise Agreement. If a franchisee lacks sufficient funds to cover a transfer or if their financial institution refuses to honor a transfer, the franchisee is still obligated to pay the charges owed to Dryject under the Franchise Agreement through alternative means.