factual

What is the Marble Slab Creamery Owner obligated to pay promptly when due?

Marble_Slab_Creamery Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 7.9 Payment of Obligations. The Owner shall pay promptly when due all obligations incurred directly or indirectly in connection with this Agreement, including, without limitation, all taxes and assessments on or against the Restaurant land, building and other improvements, equipment, fixtures, signs, furnishings and other property, and all accounts and indebtedness of every kind and character incurred by or on behalf of the Owner in the conduct of the business contemplated hereby.

Source: Item 23 — RECEIPT (FDD pages 101–346)

What This Means (2025 FDD)

According to the 2025 Marble Slab Creamery FDD, the Owner is obligated to pay promptly when due all obligations incurred directly or indirectly in connection with the Franchise Agreement. This includes all taxes and assessments on or against the Restaurant land, building and other improvements, equipment, fixtures, signs, furnishings and other property. The owner must also pay all accounts and indebtedness of every kind and character incurred by or on behalf of the Owner in the conduct of the business.

This section of the FDD outlines the financial responsibilities of the Marble Slab Creamery franchisee, ensuring they understand their obligations to maintain the financial health of their business and meet their legal and contractual duties. This is a standard clause in franchise agreements, designed to protect the franchisor and other stakeholders by ensuring the franchisee operates responsibly and fulfills their financial commitments.

Prospective Marble Slab Creamery franchisees should carefully review this section to fully understand the scope of their financial obligations and ensure they have sufficient capital and resources to meet these requirements. Failure to pay these obligations promptly could result in penalties, legal action, or even termination of the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.