What is the name of the agreement that outlines the fees and expenses for the Belocal franchisee?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
For the Services to be performed hereunder, the Franchisee will pay N2 the applicable fees (the "Fees") listed in Exhibit A.
The Fees will be deducted from the Commissions (as defined under Franchisee's applicable Franchise Agreement) owed to the Franchisee by N2's affiliate, N2 Franchising, Inc.
Franchisee will be responsible for all sales, use, and excise taxes, and any other similar taxes, duties, and charges of any kind imposed by any federal, state, or local governmental entity on any amounts payable by Franchisee hereunder; provided, that, in no event will Franchisee pay or be responsible for any taxes imposed on, or regarding, N2's income, revenues, gross receipts, personnel, or real or personal property or other assets.
All late payments shall bear interest at the lesser of 1.5% per month or the highest rate permissible under applicable law, calculated daily and compounded monthly.
Franchisee shall also reimburse N2 for all reasonable costs incurred by N2 in collecting any late payments, including, without limitation, attorneys' fees.
In addition to all other remedies available under this Agreement or at law (which N2 does not waive by the exercise of any rights hereunder), N2 shall be entitled to suspend the provision of any Services if the Franchisee fails to pay any amounts when due hereunder and such failure continues for 7 days following written notice thereof.
N2 has the right to modify (including by increasing) any of the Fees upon 45 days' written notice to Franchisee.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the fees and expenses to be paid by the franchisee to N2 are listed in Exhibit A of the Franchise Agreement. The fees will be deducted from the commissions owed to the franchisee by N2's affiliate, N2 Franchising, Inc.
The franchisee is responsible for all sales, use, and excise taxes, as well as any other similar taxes, duties, and charges imposed by any federal, state, or local governmental entity on any amounts payable by the franchisee. However, the franchisee is not responsible for any taxes imposed on N2's income, revenues, gross receipts, personnel, or real or personal property or other assets.
Late payments will incur interest at the lesser of 1.5% per month or the highest rate permissible under applicable law, calculated daily and compounded monthly. The franchisee is also responsible for reimbursing N2 for all reasonable costs incurred in collecting any late payments, including attorneys' fees. N2 has the right to modify any of the fees upon 45 days' written notice to the franchisee.