How does a Caring Senior Service agency pay the monthly fee to the licensor?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
ng them of their obligations regarding confidentiality under this agreement to protect LICENSOR'S interests in the SERVICES.
3. FEES
AGENCY will pay LICENSOR a monthly fee per office as set forth in the attached Addendum A. All payments are to be made using ACH transactions as set forth in the attached Addendum B.
4. DEFAULT
Should AGENCY'S payment for SERVICES be returned for any reason, LICENSOR will notify AGENCY and provide ten (10) business days to cure. LICENSOR will terminate SERVICES if the default remains after the ten-day cure period. Should AGENCY wish to reinstate SERVICES after termination, LICENSOR will charge AGENCY a $250 reinstatement fee which is due in advance of reinstatement.
5.
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to the 2025 FDD, Caring Senior Service agencies are required to pay the licensor a monthly fee for the use of their AI technology and related services. These payments must be made via ACH transactions, as specified in Addendum B of the agreement. The agency will be billed in advance for the upcoming month's services. If the agreement is executed mid-month, the initial billing will occur at the end of that month, covering the subsequent month's services. After that, billing continues monthly, in advance of the service period.
If a Caring Senior Service agency's payment is returned for any reason, the licensor will provide a ten-business-day cure period. Failure to rectify the payment issue within this timeframe will result in termination of services. Reinstatement of services after termination requires a $250 fee, payable in advance.
This payment structure ensures that Caring Senior Service agencies have continuous access to the AI technology necessary for managing communications and operations. The use of ACH transactions streamlines the payment process, while the consequences for late or non-payment are clearly outlined to maintain consistent service delivery. Additionally, the licensor can increase the agency's license and service Agreement fee at each annual anniversary by 5%.