How long after a sale must a Belocal franchisee enter advertising contracts into the designated accounting system (Portal)?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) Forward to Franchisor or its affiliate all Advertising Contracts or other contracts related to the Publication which have been executed by a representative of an Industry Group or an advertiser, as applicable, for review, approval, and execution by Franchisor or its affiliate no later than 30 days after such contracts have been executed by the Industry Group or advertiser, as applicable, and enter all such contracts into the accounting system (Portal) designated by Franchisor within seven days from the date of sale.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, a franchisee must enter all advertising contracts into the accounting system (Portal) designated by Belocal within seven days from the date of sale. This requirement ensures that Belocal has timely access to contract information for financial tracking and oversight.
This requirement is part of the franchisee's obligations under the franchise agreement. Franchisees must forward all advertising contracts to Belocal or its affiliate for review, approval, and execution no later than 30 days after the Industry Group or advertiser executes the contracts. Entering the contracts into the Portal within seven days of the sale ensures that Belocal maintains accurate and up-to-date records of all advertising agreements.
Failing to comply with this requirement could lead to potential issues with Belocal, as it is a component of maintaining accurate financial records and adhering to the franchisor's operational standards. Franchisees should ensure they have systems in place to track and manage contract entry into the Portal to avoid any breach of contract.