What is the Late Fee charged by Hck Hot Chicken for late payments?

Question

Accepted Answer

|  | Amount | Due Date | Remarks |
|---|---|---|---|
| (Note 1) |  |  |  |
|  |  |  |  |
| Food Safety or Other Inspection Field Revisit | Cost of inspection plus $850 for the first offense and $2,500 for any additional offense | Before re- inspection | If you fail a food safety audit or other inspection, we will require you to undergo an additional audit or inspection. You will pay us directly upon invoicing. This fee is uniformly imposed and is not refundable under any circumstances. |
| Supplier and | Costs of inspection | As incurred | We may charge a fee if we inspect a new |
| Product Evaluation |  |  | product, service or proposed supplier |
| Fee |  |  | nominated by you. |
| Unauthorized Advertising Fee | $500 per occurrence | Upon demand | This fee is payable to the Brand Fund, if you use unauthorized advertising in violation of the terms of the Franchise Agreement. |
| Customer Issue Resolution | Reasonable costs we incur for responding to a customer complaint. | On invoice | Payable if a customer of your HCK Hot Chicken Restaurant contacts us with a complaint and we provide a gift card, refund, or other value to the customer as part of our addressing the issue. |
| Payment Service Fee | Up to 4% of total charge | As incurred | If payment is made to us or our affiliate by credit card for any fee required, we may charge a service charge of up to 4% of the total charge. |
| Late Fee | $100 per occurrence, plus the lesser of the daily equivalent of 12% per year simple interest or the highest rate allowed by law (“Interest”) | As incurred | Payable if any payment due to us or our affiliates is not made by the due date. Interest accrues from the original due date until payment is received in full. |

Source: Item 6 — OTHER FEES (FDD pages 13–19)

What is the Late Fee charged by Hck Hot Chicken for late payments?

Answer from 2025 FDD Document

What This Means (2025 FDD)

	Amount	Due Date	Remarks
(Note 1)

Food Safety or Other Inspection Field Revisit	Cost of inspection plus $850 for the first offense and $2,500 for any additional offense	Before re- inspection	If you fail a food safety audit or other inspection, we will require you to undergo an additional audit or inspection. You will pay us directly upon invoicing. This fee is uniformly imposed and is not refundable under any circumstances.
Supplier and	Costs of inspection	As incurred	We may charge a fee if we inspect a new
Product Evaluation			product, service or proposed supplier
Fee			nominated by you.
Unauthorized Advertising Fee	$500 per occurrence	Upon demand	This fee is payable to the Brand Fund, if you use unauthorized advertising in violation of the terms of the Franchise Agreement.
Customer Issue Resolution	Reasonable costs we incur for responding to a customer complaint.	On invoice	Payable if a customer of your HCK Hot Chicken Restaurant contacts us with a complaint and we provide a gift card, refund, or other value to the customer as part of our addressing the issue.
Payment Service Fee	Up to 4% of total charge	As incurred	If payment is made to us or our affiliate by credit card for any fee required, we may charge a service charge of up to 4% of the total charge.
Late Fee	$100 per occurrence, plus the lesser of the daily equivalent of 12% per year simple interest or the highest rate allowed by law (“Interest”)	As incurred	Payable if any payment due to us or our affiliates is not made by the due date. Interest accrues from the original due date until payment is received in full.