Following the termination, expiration, transfer, or cancellation of the Southern Steer agreement, within what timeframe must the franchisee pay all outstanding fees to the Franchisor, its Affiliates, and any Approved and Designated Suppliers?

According to Southern Steer's 2025 Franchise Disclosure Document, a franchisee must pay all outstanding fees to Southern Steer, its affiliates, and any approved and designated suppliers within five business days after the termination, expiration, transfer, or cancellation of the Franchise Agreement. This requirement applies regardless of the reason for the termination, expiration, transfer, or cancellation.

This provision ensures that Southern Steer and its associated entities receive all owed payments promptly upon the cessation of the franchise relationship. It is a standard practice in franchising to require franchisees to settle all outstanding financial obligations upon termination to ensure a clean break and avoid prolonged disputes over payments.

For a prospective Southern Steer franchisee, this means being prepared to settle all accounts quickly if the franchise agreement ends. This includes not only franchise fees and royalties but also any outstanding payments for goods or services provided by Southern Steer's approved suppliers. Failure to meet this obligation within the specified timeframe could result in further legal or financial repercussions as outlined in the franchise agreement.