What is the purpose of the payment submitted with the Caring Transitions remittance form?

According to Caring Transitions' 2025 Franchise Disclosure Document, Exhibit S is the Remittance Form that the franchisee will send in with their deposit. The FDD does not specify the purpose of the deposit, but Item 23 states that Caring Transitions must provide the disclosure document to you 14 days before you sign a binding agreement or make a payment with the franchisor or an affiliate in connection with the proposed franchise sale.

While the FDD mentions the remittance form and its association with a deposit, it does not explicitly detail what the deposit covers. It is common practice in franchising for initial deposits to cover costs such as application fees, background checks, or to secure a territory while the franchise agreement is being finalized.

A prospective Caring Transitions franchisee should clarify with the franchisor exactly what the deposit covers, whether it is refundable, and how it will be applied to the overall initial franchise fee or other startup costs. Understanding the terms and conditions of the deposit is crucial before submitting the remittance form and associated payment.