Regarding the Belocal Franchise Agreement, are the performance requirements for the Test Publication relating to minimum monthly requirements subject to change?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
. Notwithstanding anything in the Franchise Agreement to the contrary, any performance requirements for the Test Publication relating to minimum, monthly
Commission, minimum number of pages, minimum number of articles or Qualified Sales shall be set forth in the Franchise Brand Standards Manual.
- Ratification. Except as expressly provided above, nothing in this Amendment abrogates, nullifies, or modifies any right, obligation, condition, requirement, or provision of the Franchise Agreement. All other terms and conditions of the Franchise Agreement are fully incorporated herein, as are the Recitals set forth in this Amendment, and each is an integral part of the Franchise Agreement and this Amendment.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the performance requirements for the Test Publication, specifically those related to minimum monthly commission, minimum number of pages, minimum number of articles, or Qualified Sales, are subject to change. The specific requirements are detailed in the Franchise Brand Standards Manual, which Belocal can modify at its discretion.
This means that as a Belocal franchisee, the targets you need to meet each month for your Test Publication can be adjusted by Belocal during the term of your agreement. These adjustments could impact your revenue and workload, as you may need to generate more sales, content, or pages to meet the new minimums. It is important to note that failure to meet these requirements, even if they are changed, could lead to a Business Improvement Plan, and failure to successfully complete the plan could result in termination of the franchise agreement.
Belocal also has the right to change the definition of Qualified Sales and Quarter-related requirements at any time during the agreement. Franchisees must also complete each content, review, approval, and publishing task for the Publication set forth in the Franchise Brand Standards Manual by the deadlines set by Belocal, which may change from time to time. These changes are at Belocal's discretion, so prospective franchisees should consider the potential impact of these changes on their business operations and profitability.
Prospective franchisees should carefully review the Franchise Brand Standards Manual and discuss with Belocal how frequently these requirements have been changed in the past and what factors Belocal considers when making such changes. Understanding the potential for these changes and their impact on your business is crucial for making an informed decision about investing in a Belocal franchise.