Can Marble Slab Creamery change the time when weekly payments are due?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
r overestimates any fee due to Franchisor and collect the same from Franchisee, then Franchisor will credit the surplus amounts paid against fees due in the next payment period (once Franchisor receives accurate records regarding the Net Sales of the Restaurant operated under this Agreement).
- 4.7 Any payment or report not actually received by Franchisor on or before the due date will be deemed overdue. If any payment is overdue, Franchisee will pay Franchisor, in addition to the overdue amount, interest on such amount from the date it was due until paid at the rate of one and one-half percent (1.5%) per month, or the maximum r
Source: Item 22 — CONTRACTS (FDD page 101)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the Marble Slab Creamery franchise agreement stipulates that payments or reports not received by the due date are considered overdue. If a payment is overdue, Marble Slab Creamery franchisees must pay interest on the overdue amount from the date it was due until paid. The interest rate is 1.5% per month, or the maximum rate permitted by applicable law, whichever is less, calculated daily.
In addition to interest, Marble Slab Creamery franchisees will incur a late charge of $125 per week for each week the payment is not received by Marble Slab Creamery. This interest and late charge are in addition to any other remedies Marble Slab Creamery may pursue.
The franchise agreement does not explicitly state whether Marble Slab Creamery can unilaterally change the due date for weekly payments. It only outlines the consequences of late payments. A prospective franchisee should seek clarification from Marble Slab Creamery regarding the possibility of changes to payment due dates and under what conditions such changes could occur.