Under what condition does the Dryject EFT authorization agreement remain in effect?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
This authorization is irrevocable and shall remain in effect until the termination or expiration of the underlying 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, the Electronic Funds Transfer (EFT) authorization agreement remains in effect until the termination or expiration of the underlying Franchise Agreement with Dryject Management, LLC. This agreement allows Dryject to electronically transfer funds from the franchisee's designated checking or savings account for Royalty Service Fees or other amounts owed to Dryject Management, LLC.
This means that as a Dryject franchisee, you authorize Dryject to directly debit your account for ongoing fees and other financial obligations throughout the term of your franchise agreement. The authorization is considered irrevocable, providing Dryject with a secure method of payment collection.
However, the franchisee is responsible for all costs and expenses resulting from any dishonored electronic funds transfers due to insufficient funds or any other reason. If a transfer is rejected, the franchisee is obligated to separately pay the owed charges under the Franchise Agreement. This arrangement continues until the franchise agreement concludes, either through termination or expiration, at which point the EFT authorization also ends.