What is the latest date in the month that the Learningrx royalty fee must be paid?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Interest | 1% per month, or the maximum interest rate allowed by applicable law, whichever is less | 30 days after due date | Franchisees must pay interest on late payments and payments returned to us due to insufficient funds. |
Source: Item 6 — OTHER FEES (FDD pages 13–19)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, interest accrues starting 30 days after the royalty fee due date. This implies that the royalty fee is due sometime before that 30-day mark, but the document does not specify the exact due date.
Without a specific due date listed in the provided FDD excerpt, prospective Learningrx franchisees should inquire directly with the franchisor to clarify the exact date the royalty fee is due each month. Understanding the payment schedule is crucial for managing cash flow and avoiding late payment penalties.
It's common for franchise agreements to specify a particular day of the month for royalty payments, often tied to the end of a reporting period. The Learningrx FDD excerpt does not explicitly state this date, so further clarification from Learningrx is needed.