What are the required actions for a Caring Transitions franchisee to receive rebates under this addendum?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Strict Compliance. To be eligible to receive any rebates under this addendum, Franchisee must (a) strictly and timely comply with all obligations under any agreement or instrument between Franchisee and Franchisor throughout the entire Rebate Period, including, by way of example, timely reporting Gross Receipts, timely paying all Royalties, National Branding Fees, Technology Fees, and other amounts due under the Franchise Agreement, (b) have attended all franchise system national conferences and regional conferences and all required on-site training centers, and (c) execute a general release in a form prescribed by Franchisor prior to each rebate. If the Franchise Agreement is terminated for any reason prior to the end of its initial term, then Franchisee must return all rebates to Franchisor, if any. If Franchisee commits any default of any agreement or instrument between Franchisee and Franchisor during the Rebate Period, then, in addition to all other remedies Franchisor may have under the Franchise Agreement, at law, or in equity, this addendum shall be irrevocably null and void.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions's 2025 Franchise Disclosure Document, a franchisee must meet several requirements to be eligible for rebates under the Winner's Circle Program addendum. The franchisee must strictly and promptly comply with all obligations outlined in any agreement with Caring Transitions throughout the entire rebate period. This includes timely reporting of gross receipts and timely payment of all royalties, national branding fees, technology fees, and other amounts due under the Franchise Agreement.
In addition to financial and reporting obligations, the franchisee must attend all franchise system national and regional conferences, as well as all required on-site training centers. Prior to receiving each rebate, the franchisee must execute a general release in a form prescribed by Caring Transitions. This release likely waives any claims against the franchisor.
Failure to comply with these requirements can result in ineligibility for rebates. Specifically, if the franchisee fails to meet the gross receipts targets to qualify for any of the rebates, they will be ineligible for any additional rebates, regardless of future gross receipts. Furthermore, if the Franchise Agreement is terminated for any reason before the end of its initial term, the franchisee must return all rebates received to Caring Transitions. Committing any default under any agreement with Caring Transitions during the rebate period will render the addendum null and void, in addition to any other remedies available to the franchisor.