What is the timeframe for a Dryject franchisee to obtain dismissal or release of attachments or liens on bank accounts to avoid being in breach of the agreement?
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)
Based on the 2025 Dryject Franchise Disclosure Document, there is no specific timeframe mentioned regarding obtaining dismissal or release of attachments or liens on bank accounts to avoid breaching the agreement. The document does not explicitly state the consequences or required actions related to attachments or liens on a franchisee's bank accounts.
However, the FDD does include an Electronic Funds Transfer (EFT) Authorization Agreement, which allows Dryject to initiate electronic transfers from the franchisee's bank account for royalty service fees or other amounts owed. This agreement remains in effect until the termination or expiration of the franchise agreement. If a franchisee's account lacks sufficient funds or the financial institution refuses to honor a transfer, the franchisee is responsible for separately paying the charges owed under the Franchise Agreement.
Prospective franchisees should seek clarification from Dryject regarding the specific procedures and timeframes for addressing attachments or liens on bank accounts. Understanding these obligations is crucial for maintaining compliance with the franchise agreement and avoiding potential breaches.