What is the minimum notice Annex Brands must provide before changing the Technology Services Fee?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
RVICES FEE. Beginning after Franchisee (i) opens the Center, (ii) assumes the operation of an existing Center by transfer, or (iii) converts an existing business to a Center, Franchisor will collect from Franchisee as a Technology Services Fee the sum of $16 per week each Tuesday after the close of business, for the previous week ending Saturday, by automatic draft from Franchisee's designated bank account. The fee will be used for support of various technology services that Franchisor may provide to Franchisee in its sole discretion. The amount of the fee, frequency, date and method of collection, are subject to change in Franchisor's sole discretion, after at least 15 days' prior notice to
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, Annex Brands can change the Technology Services Fee, including the amount, frequency, date, and method of collection, at its sole discretion. However, Annex Brands must provide franchisees with at least 15 days' prior notice before implementing any such changes.
This means that if Annex Brands decides to increase the Technology Services Fee, alter the payment schedule, or modify the collection method, they are obligated to inform franchisees of these changes at least two weeks in advance. This notification period allows franchisees time to adjust their financial planning and prepare for the upcoming changes.
The Technology Services Fee is used to support various technology services that Annex Brands provides to its franchisees. These services are determined at Annex Brands' discretion. The fee is collected weekly by automatic draft from the franchisee's bank account.