How much advance notice will Buona give a franchisee before changing the amount of the technology fee?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
The technology fee shall be paid at times, in the manner, and in amounts as designated by the Franchisor.
Franchisor will give Franchisee at least sixty (60) days' prior notice before Franchisor begins changing the amount of the technology fee.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Buona will provide franchisees with at least sixty (60) days' prior notice before changing the amount of the technology fee.
This advance notice allows franchisees time to adjust their financial planning and budgeting to accommodate any changes in the technology fee. It is a fairly standard practice in franchising to provide some advance notice of fee changes, although the specific length of notice can vary among different franchise systems.
The technology fee itself is used by Buona to cover costs related to technology development, maintenance, usage, and related research. This includes fees paid to third-party providers, subscription and license fees, and other technology-related expenses. The franchisee is obligated to pay this fee at the times, in the manner, and in the amounts designated by Buona.