When are the Costs and Attorneys’ Fees for a Bevaris Alliance franchise due?
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 and are due as incurred by you. These fees are payable to your attorney for any legal work done to assist you. This means a Bevaris Alliance franchisee will need to pay their attorney as the legal work progresses, rather than in a lump sum at the beginning or end of the process.
This arrangement is typical in franchise agreements, as it allows franchisees to pay for legal services as they are needed. The amount will depend on the complexity of the legal work required. It is important for prospective franchisees to budget for these costs and discuss payment terms with their attorney.
Since the fees are incurred by the franchisee, the amount will depend on the attorney they choose and the amount of legal work required. Bevaris Alliance does not dictate the attorney a franchisee must use, allowing the franchisee to select legal counsel that best fits their needs and budget. Franchisees should obtain estimates from multiple attorneys to understand potential costs.