When is the Hydrodog late payment fee incurred?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee(1) | Amount(4) | Due Date | Remarks |
|---|---|---|---|
| Late Payment Fee | 10% of the amount due, or the maximum allowable by law | As incurred | Payable on all amounts paid after the date such payment is due. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, a late payment fee is incurred on all amounts paid after the date such payment is due. The fee is 10% of the amount due, or the maximum allowable by law. This means that if a Hydrodog franchisee misses the payment deadline for any fee owed to the company, they will be charged this late fee.
For a prospective Hydrodog franchisee, this highlights the importance of making all payments on time to avoid incurring additional costs. It is crucial to understand the due dates for all fees, including royalty fees, marketing fund fees, technology fees, and any other fees outlined in the Franchise Agreement.
Franchisees should also be aware of the specific payment procedures required by Hydrodog, such as electronic funds transfer (EFT), to ensure timely payments. Setting up reminders and adhering to the payment schedule can help franchisees avoid late payment fees and maintain a positive financial standing with Hydrodog.