factual

When does interest begin to accrue on overdue payments to Eos Worldwide?

Eos_Worldwide Franchise · 2025 FDD

Answer from 2025 FDD Document

Type of Fee(1) Amount Due Date Remarks
food not offered to attendees and lodging expenses, and any connection fees for virtual sessions.
Renewal Fee Currently none. We may establish a Renewal Fee, but any Renewal Fee that we establish will not apply to the renewal of the Franchise Agreement you sign in connection with this Disclosure Document. Not applicable. We currently do not charge a fee for renewing your Franchise Agreement, but there are other conditions for renewal, including but not limited to being in good standing, signing our then- current Franchise Agreement, and executing a release.
Transfer Fee(10) $5,000 Payable at the time of transfer. Payable to us if you transfer your Franchise. See Note 10 for circumstances where we waive the Transfer Fee.
Accounting/Audit Fee Cost and expenses of audit. When incurred. We may audit your Franchised Business to confirm you are consistently submitting quarterly reports. If we determine that you understated revenue or made other misrepresentations and owe us additional amounts, then you will pay the Accounting/Audit Fee.
Interest on Overdue Amounts The lower of 1.5% interest per month or the highest rate available by law on the past due amount. First day of late period. Interest is due on all overdue payments and begins to accrue thirty (30) days' after the original due date until payment is received in full.

Source: Item 6 — OTHER FEES (FDD pages 17–25)

What This Means (2025 FDD)

According to Eos Worldwide's 2025 Franchise Disclosure Document, interest accrues on all overdue payments starting thirty (30) days after the original due date until the payment is received in full. The interest rate is the lower of 1.5% per month or the highest rate available by law on the past due amount.

This means that if an Eos Worldwide franchisee fails to make a payment by its original due date, they have a 30-day grace period before interest charges begin to accumulate. After this period, interest will be charged on the outstanding balance.

It is important for prospective franchisees to be aware of this policy and ensure timely payments to avoid incurring interest charges. Franchisees should also be aware of the potential for changes to other fees, as indicated in the document, and stay informed about any updates from Eos Worldwide.

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.