What is the Noncompliance fee per occurrence 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, a franchisee may be charged a noncompliance fee. The noncompliance fee is $100.00 per occurrence. This fee is incurred if the franchisee fails to comply with clause 7 of the Franchise Agreement. The due date for the noncompliance fee is as incurred.
This means that if a Bevaris Alliance franchisee violates clause 7 of the Franchise Agreement, they will be required to pay $100.00 for each instance of noncompliance. Clause 7 of the franchise agreement was not included in the provided documentation. It is important to review the franchise agreement carefully to understand what actions or omissions would trigger this fee.
Franchisees should ensure they understand and adhere to all requirements outlined in the Franchise Agreement, particularly clause 7, to avoid incurring these noncompliance fees. Prospective franchisees should request a full copy of the Franchise Agreement and have it reviewed by a legal professional to fully understand their obligations and the potential costs of noncompliance.