Does the Kitchen Solvers Franchise Agreement include an appendix related to EFT Authorization?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
This Disclosure Document includes the following contracts:
Exhibit B -- KITCHEN SOLVERS Franchise Agreement with Appendices – A (Personal Guaranty), B (Data Sheet), C (Supplies Package), D (Assignment of Telephone Numbers), E (Collateral Assignment of Lease), and F (ACH Agreement), and Franchisee Acknowledgement/Compliance Certification
Exhibit C – Area Development Agreement
Exhibit F – State Addenda
Exhibit G – Sample Release
EXHIBIT B
FRANCHISE AGREEMENT WITH APPENDICES
- A. (Personal Guarantee)
- B. (Data Sheet)
- C. (Supplies Package)
- D. (Assignment of Telephone Numbers)
- E. (Collateral Assignment of Lease)
- F. (EFT Authorization Form)
Source: Item 22 — Contracts (FDD page 49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the franchise agreement does include an appendix related to EFT authorization. Specifically, Exhibit B of the FDD lists the Kitchen Solvers Franchise Agreement with several appendices, including Appendix F, which is identified as an ACH Agreement and EFT Authorization Form. This indicates that franchisees will likely need to authorize electronic fund transfers (EFT) for certain payments or fees related to the franchise agreement.
For a prospective Kitchen Solvers franchisee, this means that they will be required to complete and sign an EFT authorization form as part of the franchise agreement. This form likely allows Kitchen Solvers to automatically debit funds from the franchisee's bank account for ongoing fees, such as royalties, advertising fees, or other charges outlined in the agreement. It is a fairly standard practice in franchising to use EFT for recurring payments, as it ensures timely and consistent payments to the franchisor.
Before signing the Franchise Agreement, a prospective franchisee should carefully review Appendix F and understand the terms and conditions of the EFT authorization. They should confirm what payments will be debited via EFT, the frequency of these payments, and the process for modifying or canceling the authorization. It would also be prudent to inquire about any recourse options available if there are discrepancies or unauthorized debits from their account. Understanding these details upfront can help avoid potential financial or administrative issues down the line.