What does the technology fee for Best In Class Education Center include?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
es; and (ii) upon request, sign our prescribed form of license agreement governing use of proprietary Technology Systems (or components thereof). We may enter into master agreements with licensors of Third-Party Technology and charge you for amounts we pay them based on your use of their Third-Party Technology. 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.
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 covers all payments made to Best In Class Education Center and its affiliates related to Technology Systems. This includes proprietary items and amounts collected from franchisees to be remitted to third-party suppliers of Technology.
The technology fee may fluctuate due to changes in the Technology Systems themselves or price adjustments implemented by third-party suppliers with whom Best In Class Education Center has master agreements. Additionally, the technology fee may incorporate a reasonable administrative fee to compensate Best In Class Education Center for the resources it invests in managing the technology platform, negotiating contracts with third-party licensors, and handling the collection and remittance of technology fees on behalf of franchisees under master license arrangements.
However, the technology fee does not include payments franchisees make directly to third-party suppliers. The current technology fee is listed in the Manual, and it is due 10 days after invoicing or as otherwise specified by Best In Class Education Center. For a Satellite Office, a franchisee must pay a separate technology fee of $100 per month per Satellite Office, and this fee may be increased to a maximum of $200 per month per Satellite Office upon 30 days' notice.