Under the Spray Net agreement, what interest rate will I be charged for late payments?

Based on the 2025 Spray Net Franchise Disclosure Document, the excerpts provided do not specify the interest rate charged for late payments. The document does mention that 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. It also states that software fees for the use of the Spray-Network are broken down into reoccurring monthly fixes fees, as outlined in the franchise agreement, and a weekly Tech fee royalty amount due, accounting for 0.0025 of total job value produced the previous week.

Since the FDD excerpts do not provide the specific interest rate for late payments, prospective Spray Net franchisees should carefully review the complete franchise agreement and its exhibits. This will help them understand all the financial obligations and potential penalties associated with late payments.

To gain a comprehensive understanding of the late payment terms, a prospective franchisee should ask Spray Net's franchise representatives for clarification on the interest rate applied to overdue invoices, any grace periods before late fees are assessed, and the specific procedures Spray Net follows when dealing with late payments. Understanding these details is crucial for managing cash flow and avoiding unnecessary financial burdens as a Spray Net franchisee.