For Bevaris Alliance, what is the definition of 'Franchise Portal Fee'?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
les of interpretation in this clause apply in this agreement.
Additional Training Fees: If additional training is requested by Franchisee or required by Franchisor the Franchisor may charge a reasonable hourly or daily fee and reimbursement for travel, lodging, and meals for such additional training.
Asset Purchase Notice: means the notice referred to in clause 16.7.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the term 'Franchise Portal Fee' is not defined for Bevaris Alliance. The document does define other fees such as 'Additional Training Fees', 'Transfer Fee', and 'Third-Party Quality Assurance Audit Program Fee'.
Because the FDD does not define 'Franchise Portal Fee,' prospective franchisees should seek clarification from Bevaris Alliance regarding any potential fees associated with a 'Franchise Portal'. This inquiry should cover the purpose of the portal, whether its use is mandatory, the amount of the fee, and the timing of payment.
Understanding all fees is crucial for assessing the overall investment and operational costs of a Bevaris Alliance franchise. It is important to clarify any undefined terms in the FDD to avoid unexpected expenses.