What is the non-attendance fee for Boulder Designs franchisees who fail to attend the Annual Convention?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
Section 8.8 On-Site Training Cancellation Fees
If Franchisor or its representative is schedule to conduct an on-site training program, or scheduled for a visit at the Franchisee's location for training or other reasons, or if the Franchisee register for a training program and Franchisee subsequently cancel, fail to attend, fail to have the appropriate parties attend, or fail to stay for the entire training program then Franchisee shall pay the Franchisor, their then-current onsite training cancellation fee (the "On-Site Training Cancellation Fee"). The On-Site Training Cancellation Fee may vary depending upon the type of schedule training program and how far in advance you notify the Franchisor in writing of the cancellation and the cost and expense incurred in rescheduling our travel arrangements.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
Based on the 2025 Boulder Designs Franchise Disclosure Document, the information provided does not specify a non-attendance fee for franchisees who fail to attend the Annual Convention. However, the document does mention fees related to training programs. Specifically, Section 8.8 discusses "On-Site Training Cancellation Fees," which are applicable if a franchisee cancels, fails to attend, or does not complete a scheduled training program. The amount of this fee can vary depending on the type of training and how far in advance the cancellation notice is provided.
While the FDD does not explicitly state a fee for missing the Annual Convention, it does outline the circumstances under which cancellation fees for training programs may be charged. It is important to note that these fees are intended to cover the franchisor's costs and expenses incurred due to cancellations or non-attendance.
A prospective Boulder Designs franchisee should inquire directly with the franchisor about the specific requirements and any associated fees for attending the Annual Convention. This will help clarify whether non-attendance results in a financial penalty and what the amount of such a penalty would be. Understanding these obligations is crucial for budgeting and planning as a franchisee.
In summary, while the FDD details cancellation fees for training programs, it lacks specific information regarding non-attendance fees for the Annual Convention. Therefore, further clarification from Boulder Designs is recommended to fully understand the financial implications of not attending the convention.