How many consecutive required meetings can the Principal Executive of a Better Blend franchise miss?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
- 7.14 Meetings. The Principal Executive shall use reasonable efforts to attend all in-person meetings and remote meetings (such as telephone or video conference calls) that BBF requires, including any national or regional brand conventions or conferences.
Franchisee shall not permit the Principal Executive to fail to attend more than three consecutive required meetings.
BBF may charge Franchisee the attendance fee for Better Blend's national or regional brand convention, regardless of whether the Principal Executive attends.
Franchisee is responsible for all travel and living expenses of attending any such meeting or convention.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 32–33)
What This Means (2024 FDD)
According to the 2024 Better Blend Franchise Disclosure Document, the Principal Executive of a Better Blend franchise is expected to attend all required in-person and remote meetings, including national or regional brand conventions or conferences. The Principal Executive is the owner primarily responsible for the business and has decision-making authority on behalf of the business. If the business is owned through a corporation or limited liability company, the franchisee must designate one owner as the Principal Executive. The Principal Executive must own at least 30% of the business.
However, the FDD specifies that a Principal Executive cannot fail to attend more than three consecutive required meetings. This means that if the Principal Executive misses more than three required meetings in a row, it could be considered a breach of the franchise agreement.
Better Blend may charge the franchisee the attendance fee for Better Blend's national or regional brand convention, regardless of whether the Principal Executive attends. The franchisee is also responsible for all travel and living expenses for attending any such meeting or convention. This highlights the importance of budgeting for these potential costs and ensuring the Principal Executive's availability for required meetings to avoid any penalties or breaches of the agreement.