What payment method does Addendum F to the Dryject Franchise Agreement authorize?
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, Addendum F to the Franchise Agreement authorizes Electronic Funds Transfer (EFT) for direct payments. This agreement allows Dryject Management, LLC to electronically transfer funds from the franchisee's checking or savings account to pay for Royalty Service Fees or other amounts owed to Dryject Management, LLC.
This Electronic Funds Transfer (EFT) authorization requires the franchisee's account to comply with United States law regarding Automated Clearing House (ACH) transactions. The franchisee is responsible for all costs and expenses, including those resulting from dishonored transfers due to insufficient funds or refusal by the franchisee's financial institution.
The authorization remains in effect until the termination or expiration of the Franchise Agreement. If a transfer is not honored due to insufficient funds or refusal by the financial institution, the franchisee is obligated to separately pay the owed amounts under the Franchise Agreement. This ensures that Dryject receives timely payments for fees and other obligations.
In essence, Addendum F provides Dryject with a convenient and reliable method for collecting payments from franchisees, while also placing the responsibility on the franchisee to ensure that sufficient funds are available for the electronic transfers. This type of payment authorization is common in franchising, as it streamlines the payment process and reduces administrative burdens for both the franchisor and the franchisee.