factual

What costs or expenses related to online presences does Belocal franchisor NOT assume?

Belocal Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisor shall not assume any obligations for costs or expenses related to such Online Presences (including social media accounts and webpages), telephone number(s) (including personal cellphone numbers), and business listings that accrued prior to the date on which they were acquired by Franchisor.

Source: Item 22 — CONTRACTS (FDD page 71)

What This Means (2025 FDD)

According to Belocal's 2025 Franchise Disclosure Document, Belocal does not assume responsibility for costs or expenses related to online presences, telephone numbers (including personal cell phone numbers), and business listings that accrued before the date they were acquired by Belocal. This means that if Belocal takes over any of these assets from a franchisee, the franchisee remains liable for any outstanding costs associated with them up to the point of transfer.

This has significant implications for a franchisee upon termination, expiration, or transfer of their franchise agreement. Belocal has the power of attorney to take control of the franchisee's online presences, phone numbers, and business listings. The franchisee will remain responsible for paying any outstanding bills or expenses linked to these assets up to the date Belocal takes control. This could include unpaid website hosting fees, outstanding balances on social media advertising, or any other costs associated with maintaining an online presence.

For a prospective franchisee, this highlights the importance of maintaining accurate financial records and ensuring all accounts related to the online presence of the Belocal franchise are up-to-date. It also emphasizes the need to understand the terms of the franchise agreement regarding termination and transfer, particularly concerning the handling of online assets and associated financial responsibilities. Franchisees should aim to resolve any outstanding balances before the transfer of these assets to avoid potential disputes or liabilities.

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.