Within how many business days after termination, expiration, transfer, or cancellation of the Southern Steer Franchise Agreement must outstanding fees be paid?

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

This requirement ensures that Southern Steer receives all owed payments promptly after the franchise relationship ends. 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.

Prospective franchisees should be aware of this obligation and ensure they have a plan to settle any outstanding fees within the specified timeframe. Failure to do so could result in further legal action or penalties from Southern Steer. Franchisees should maintain accurate records of all payments and fees to facilitate a smooth and timely settlement upon termination or expiration of the agreement.