factual

Are there any other remedies Spray Net has in addition to collecting interest on late payments?

Spray_Net Franchise · 2025 FDD

Answer from 2025 FDD Document

Termination: SPRAY-NET retains the right to restrict access to the Spray-Network in the event of failure to pay invoices, breach of franchise agreement or termination of a Franchise.

Source: Item 23 — RECEIPTS (FDD pages 75–219)

What This Means (2025 FDD)

According to the 2025 Spray Net FDD, in the event of failure to pay invoices, breach of the franchise agreement, or termination of a franchise, Spray Net retains the right to restrict access to the Spray-Network. The Spray-Network is Spray Net's proprietary software platform. This means that if a franchisee fails to meet their financial obligations or violates the terms of their agreement, Spray Net can prevent them from using the software necessary to operate the business.

This remedy is in addition to any interest Spray Net may charge on late payments. By restricting access to the Spray-Network, Spray Net can effectively shut down a franchisee's operations, creating a strong incentive for franchisees to comply with the terms of the franchise agreement.

This type of remedy is common in franchise agreements, as it gives the franchisor a powerful tool to enforce compliance and protect its brand. Prospective Spray Net franchisees should carefully consider the implications of this provision and ensure they understand their obligations under the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.