What is the initial Non-Compliance Fee charged by Care Plus Medical Ucc?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
are Plus Medical UCC may charge its thencurrent training fee. As of the date of this Agreement, the training fee is $450 per day.
- 4.5 Non-Compliance Fee. Care Plus Medical UCC may charge Franchisee $500 for any instance of non-compliance with the System Standards or this Agreement (other than Franchisee's non-payment of a fee owed to Care Plus Medical UCC) which Franchisee fails to cure after 30 days' notice. Thereafter, Care Plus Medical UCC may charge Franchisee $250 per week until Franchisee ceases such non-compliance. This fee is a reasonable estimate of Care Plus Medical UCC's internal cost of personnel time attributable to addressing the non-compliance, and it is not a penalty or estimate of all damages arising from Franchisee's breach. The non-compliance fe
Source: Item 22 — CONTRACTS (FDD page 41)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, an initial non-compliance fee of $500 may be charged for any failure to comply with the System Standards or the Franchise Agreement. This fee applies if the franchisee fails to correct the non-compliance within 30 days after receiving notice from Care Plus Medical UCC.
The non-compliance fee is intended to cover Care Plus Medical UCC's internal costs related to addressing the non-compliance. The FDD specifies that this fee is a reasonable estimate of personnel time and is not considered a penalty or a comprehensive estimate of all potential damages resulting from the franchisee's breach.
In addition to the initial $500 fee, Care Plus Medical UCC may also charge $250 per week until the franchisee rectifies the non-compliance. This ongoing charge underscores the importance of adhering to the System Standards and the Franchise Agreement to avoid incurring additional costs. It's also important to note that the non-compliance fee is in addition to any other legal rights or remedies Care Plus Medical UCC may pursue, including termination of the franchise agreement.