What must a Spray Net franchisee demonstrate to receive additional time to satisfy a judgment?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Taxes. Franchisee must promptly pay when due any and all federal, state, and local taxes, including without limitation, unemployment, workers' compensation, lodging, and sales taxes which are levied or assessed with respect to any services or products furnished, used, or licensed under this Agreement and all accounts or other indebtedness of every kind incurred by Franchisee in the operation of the Franchised Business.
- B. Debts and Obligations. Franchisee hereby expressly covenants and agrees to accept full and sole responsibility for any and all debts and obligations incurred in the operation of the Franchised Business.
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
Based on the 2025 Spray Net Franchise Disclosure Document, there is no information provided that describes what a Spray Net franchisee must demonstrate to receive additional time to satisfy a judgment. The document does mention that franchisees must promptly pay all federal, state, and local taxes when due, as well as accept full responsibility for all debts and obligations incurred while operating the franchised business.
However, the FDD does not elaborate on the conditions or processes for seeking extensions or additional time to satisfy judgments. The document outlines various obligations of the franchisee, including financial responsibilities and adherence to system standards, but it does not specify any procedures related to judgment satisfaction.
Prospective Spray Net franchisees should directly inquire with the franchisor about the policies and procedures related to judgments, including the possibility of obtaining additional time to satisfy them. Understanding these policies is crucial for managing financial risks and ensuring compliance with the franchise agreement.