Can Caring Transitions change the frequency of Revenue Report submissions?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) Franchisor may, after providing thirty days' notice, alter the payment period for the Royalty, National Branding Fee, and any other required payments from monthly to weekly, biweekly, or such other period as Franchisor designates.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the franchisor has the right to modify the payment periods for various fees. Specifically, Caring Transitions can alter the payment period for the Royalty, National Branding Fee, and any other required payments.
Caring Transitions can change the payment period from monthly to weekly, biweekly, or any other period they designate. However, they must provide the franchisee with thirty days' notice before implementing such a change.
This provision gives Caring Transitions flexibility in managing cash flow and potentially responding to economic conditions. For a prospective franchisee, this means that while the initial agreement may specify monthly payments, the payment schedule could change, requiring adjustments to their financial planning. It is important for franchisees to be prepared for potential changes in payment frequency and to maintain open communication with Caring Transitions regarding any concerns.