What does Exhibit E detail regarding payments for a Lees Famous Recipe franchise?

According to the 2025 Lees Famous Recipe Franchise Disclosure Document, Exhibit E contains the Authorization Agreement for Pre-Authorized Payments. This exhibit likely outlines the terms and conditions under which Lees Famous Recipe is authorized to collect payments from franchisees via pre-authorized methods, such as direct debit or electronic funds transfer.

For a prospective franchisee, this means they will likely be required to agree to allow Lees Famous Recipe to automatically withdraw certain fees and payments from their bank account. This is a fairly standard practice in franchising, as it ensures timely payment of royalties, advertising fees, and other ongoing obligations.

The specific details covered in Exhibit E would likely include the frequency of payments (e.g., weekly, monthly), the types of fees that will be collected through pre-authorized payments (e.g., royalty fees, advertising fund contributions), the process for disputing a payment, and the consequences of failing to maintain sufficient funds in the designated account. Prospective franchisees should carefully review this exhibit to understand their obligations and rights related to pre-authorized payments.