How much written notification is required to terminate the electronic funds transfer authorization for Southern Steer?

According to Southern Steer's 2025 Franchise Disclosure Document, a franchisee must provide at least thirty (30) days written notification to both the Depository and the Payee (Southern Steer Franchising International, LLC) to terminate the electronic funds transfer authorization. This requirement ensures that Southern Steer has ample time to adjust its financial processes and prevent any disruptions in payment collection.

This notification period is designed to protect both the franchisee and Southern Steer. It allows the franchisee to formally end the electronic funds transfer agreement while giving Southern Steer sufficient time to make alternative payment arrangements. The franchisee should ensure that the written notification is sent via certified mail or another method that provides proof of delivery to avoid any disputes regarding the notification's receipt.

In the context of franchise agreements, requiring a written notice period before terminating electronic funds transfers is a standard practice. This helps maintain financial stability and ensures that all parties are aware of and can prepare for changes in payment methods. Franchisees should carefully document all communications related to the termination of the electronic funds transfer authorization to ensure compliance with the agreement.