How much notice will Belocal provide before modifying service fees?

According to Belocal's 2025 Franchise Disclosure Document, Belocal has the right to modify service fees, including increasing them, by providing the franchisee with 45 days' written notice. This applies to the fees listed in Exhibit A of the N2 Franchisee Services Agreement. These fees are deducted from the commissions owed to the franchisee by N2's affiliate, N2 Franchising, Inc.

This means that Belocal franchisees should be prepared for potential changes in service fees, and they will receive a 45-day warning before any such changes take effect. Franchisees should carefully review Exhibit A to understand which fees are subject to change. It is important to factor in potential fee increases when projecting earnings and managing finances.

In the franchise industry, it is common for franchisors to retain the right to modify fees to adapt to changing market conditions or operational costs. The 45-day written notice provides some level of predictability for franchisees, allowing them time to adjust their business strategies accordingly. Franchisees should maintain open communication with Belocal to understand the reasons behind any fee adjustments and to discuss any potential impact on their business.