For Marble Slab Creamery, what is the payment deadline for invoices issued by MSF for fees?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) MSF will issue invoices for Fees on a periodic basis and Customer will pay such invoices in full within fifteen (15) days of the date of invoice.
- (g) If for any reason Customer fails to pay any invoice issued pursuant to or in connection with this Agreement when due, MSF may charge Customer interest at eighteen percent (18%) per annum, or the highest rate allowed by applicable law, until paid in full.
Additionally, MSF shall have the right to stop performing the Services until Customer pays in full all amounts owed under this Agreement.
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery Franchise Disclosure Document, franchisees are required to pay invoices issued by MSF (Marble Slab Franchising) within a specific timeframe. MSF will issue invoices for fees periodically, and the franchisee must pay these invoices in full within fifteen (15) days from the date of the invoice.
This means that a Marble Slab Creamery franchisee needs to ensure timely payment of all invoices to avoid potential penalties. Failure to pay within the stipulated 15-day period could result in late payment interest charges.
Specifically, the FDD states that if a franchisee fails to pay any invoice when due, Marble Slab Creamery may charge interest at a rate of eighteen percent (18%) per annum, or the highest rate allowed by applicable law, until the amount is paid in full. Additionally, Marble Slab Creamery has the right to suspend performing services until all outstanding amounts are paid. Therefore, franchisees must maintain diligent financial management to adhere to these payment terms and avoid service interruptions or additional costs.