When is the Assistance in the Event of Death or Disability fee payable to Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Assistance in the Event of Death or Disability | Actual costs incurred | As incurred | You must pay our compensation and expenses in running your Franchised Business in the event of death or disability. FA Sec. 9(E) |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the Assistance in the Event of Death or Disability fee is payable 'as incurred.' This fee covers Best Brains' compensation and expenses for running the franchised business if the franchisee dies or becomes disabled. The specific amount will be the actual costs incurred by Best Brains.
This means that a Best Brains franchisee will only be charged this fee if Best Brains has to step in and manage the business due to the franchisee's death or disability. The fee covers the costs Best Brains incurs to manage the center during this unforeseen circumstance.
Since the fee is 'as incurred,' the amount can vary significantly depending on the length of time Best Brains manages the center, the personnel required, and other associated expenses like transportation, lodging, and meals. It is important for a prospective franchisee to consider this potential cost and ensure they have adequate insurance or other financial arrangements in place to cover such a situation.