How is the amount of the Costs and Attorneys’ Fees determined for a Bevaris Alliance franchise?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remark s |
|---|---|---|---|
| Third Party | Up to $500 per quarter. | Upon invoice. | |
| Quality Assurance | |||
| Audit Fee | |||
| Technology Fee | Will vary under circumstances | As incurred. | Fee for any software licenses used in the ordinary course of business. |
| Franchise Portal | Up to $250 per month. | As incurred. | Fee for Franchise Portal. |
| Fee | (see Note 6) | ||
| Convention Fee | Travel fees and out of pocket expenses but no attendance fee (suggested cost up to $500 per day). | As incurred. | |
| Indemnity | Will vary under circumstances. | As incurred. | You have to reimburse us if we are held liable for claims arising from your Branded Business’s operations. |
| Noncompliance Fee | A $100.00 fee per occurrence. | As incurred | Fee for noncompliance with the Franchise Agreement clause 7. |
| Product or supplier evaluation fee | No fee. | Upon completion of evaluation. | Due if the product or supplier is not approved. |
| Costs and Attorneys’ Fees | Will vary under circumstances. | As incurred by you. | Payable to your attorney for any legal work done to assist you. |
Source: Item 6 — OTHER FEES (FDD pages 8–10)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the Costs and Attorneys' Fees will vary under the circumstances. These fees are incurred by the franchisee and are payable to their attorney for any legal work done to assist them. The due date for these fees is as incurred by the franchisee.
This means that the amount a Bevaris Alliance franchisee pays in Costs and Attorneys' Fees is not a fixed amount but depends on the legal services they require. These costs are paid directly to the franchisee's attorney, not to Bevaris Alliance itself. This arrangement is typical in franchising, as franchisees often need independent legal counsel to review the franchise agreement and advise them on legal matters related to their business.
Prospective franchisees should budget for legal fees as part of their initial investment. The actual amount will depend on the complexity of the legal work required and the attorney's rates. It is advisable to consult with an experienced franchise attorney to understand the potential legal costs involved in becoming a Bevaris Alliance franchisee.