What is the payment designation for the Caring Transitions National Branding Fund?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) Franchisee shall contribute to the national Fund by electronic funds transfer payable to "Caring Transitions National Branding Fund" or such other designation as Franchisor may from time to time prescribe.
All sums paid by Franchisee to the Funds shall be maintained in an account separate from the other moneys of Franchisor.
Franchisee contributions may not be used to defray any of Franchisor's operating expenses, except for such reasonable salaries, overhead, and administrative, accounting, legal (including, without limitation, the defense of any claims against Franchisor and/or Franchisor's designee regarding the management of the Funds) and other costs, if any, as Franchisor may incur in activities reasonably related to the administration or direction of the Funds or advertising programs for Caring Transitions franchisees, including the costs of enforcing contributions to the Funds required under this agreement and the costs of preparing a statement of operations.
The Funds and all earnings thereof shall not otherwise inure to the benefit of Franchisor.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, franchisee contributions to the national fund are payable to "Caring Transitions National Branding Fund" or such other designation as Caring Transitions may prescribe from time to time. This means that when a franchisee makes a payment to the National Branding Fund, they must ensure the payment is directed to the specified designation.
Caring Transitions retains the right to modify this designation, so franchisees need to stay informed of any changes communicated by the franchisor. This flexibility allows Caring Transitions to adjust its financial processes as needed. However, franchisees will be given updated information regarding where to send the payments.
All sums paid by the franchisee to the Funds will be maintained in an account separate from the other moneys of Caring Transitions. Franchisee contributions may not be used to defray any of Caring Transitions' operating expenses, except for reasonable salaries, overhead, and administrative, accounting, and legal costs. The Funds and all earnings thereof shall not otherwise inure to the benefit of Caring Transitions.