When is the technology fee due for a Best In Class Education Center?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
We may charge you a technology fee, which includes all amounts you pay us and our affiliates relating to Technology Systems, including amounts paid for proprietary items and amounts we collect from you and remit to suppliers of Third-Party Technology.
The technology fee may change based on changes to Technology Systems or prices charged by third parties with whom we enter into master agreements.
The technology fee may include a reasonable administrative fee for the time, money and resources we invest to administer the technology platform and associated components, negotiate and manage contracts with third-party licensors, and collect and remit technology fees owed to third-party licensors on behalf of franchisees under master license arrangements.
The technology fee does not include amounts you pay directly to third-party suppliers.
The technology fee is due 10 days after invoicing or as we otherwise specify.
We list the current technology fee in the Manual.
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to Best In Class Education Center's 2025 Franchise Disclosure Document, the technology fee is due 10 days after invoicing or as otherwise specified by the franchisor. This fee covers amounts franchisees pay to Best In Class Education Center and its affiliates relating to Technology Systems. It includes amounts paid for proprietary items and amounts collected and remitted to suppliers of Third-Party Technology.
The technology fee can change based on modifications to Technology Systems or price changes implemented by third parties with whom Best In Class Education Center has master agreements. The fee may also incorporate a reasonable administrative charge to cover the franchisor's costs for administering the technology platform, managing contracts with third-party licensors, and collecting/remitting technology fees on behalf of franchisees under master license arrangements. However, it does not include amounts franchisees pay directly to third-party suppliers.
Prospective franchisees should be aware that the technology fee is in addition to other fees outlined in the Franchise Agreement, such as the initial franchise fee, royalty fees, and marketing contributions. Franchisees should carefully review the Manual, where the current technology fee is listed, and inquire about any potential future increases or changes to the Technology Systems that could impact the overall cost of technology.