How will the registration fees for the Brain Balance annual convention be transferred to the franchisor?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
ible for responding to inbound inquiries for Program services. FRANCHISEE shall be responsible for all fees associated with the Call Center option FRANCHISEE elects to use.
6.11. Annual Convention
FRANCHISEE shall be required to attend and pay a registration fee for COMPANY's Annual convention. The cost of registration will vary depending on the program, the number of speakers, and the contribution of sponsors. The travel, lodging, and food costs will be in addition to the registration fee, but these costs may be discounted and/or subsidized by COMPANY. Fees will be transferred to FRANCHISOR via ACH.
6.12. ACH Agreement
- (a) FRANCHISEE will enter into an automated clearing house agreement ("ACH Agreement") in the form annexed hereto as Exhibit 2, which will allow FRANCHISOR to debit FRANCHISEE's bank account during the term of this Agreement for all payments due to FRANCHISOR pursuant to the terms of this Agreement. The parties shall agree in writi
Source: Item 22 — CONTRACTS (FDD pages 70–72)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, franchisees are required to attend and pay a registration fee for the annual convention. The cost of registration can vary based on factors such as the program, the number of speakers, and sponsor contributions. In addition to the registration fee, franchisees are responsible for covering their own travel, lodging, and food costs, although Brain Balance may offer discounts or subsidies for these expenses.
The registration fees for the Brain Balance annual convention will be transferred to Brain Balance via ACH (Automated Clearing House).
Brain Balance also requires franchisees to enter into an ACH Agreement, which allows Brain Balance to debit the franchisee's bank account for all payments due under the franchise agreement. If Brain Balance is unable to process a payment via ACH for any reason, the franchisee will be required to pay a fee of $35 per incident.