What is the maximum late payment fee Hydrodog can charge?
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 franchisee may incur a late payment fee of 10% of the amount due, or the maximum allowable by law. This fee is payable on all amounts paid after the date such payment is due.
This means that if a Hydrodog franchisee is late on any payment to the company, they will be charged 10% of the overdue amount, unless the state or local law specifies a lower maximum late fee. In that case, Hydrodog will only charge the maximum amount allowed by law.
It is important for prospective Hydrodog franchisees to understand all payment terms and due dates to avoid incurring late fees. Franchisees should also be aware of the laws in their specific location, as those laws will take precedence over the 10% fee if they are more restrictive.