When is the Brand Development Fund Fee due for a Casiola franchise?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
Upon such written notice to Franchisee, the percentage of Franchisee's gross Commission+ Fees to be paid by Franchisee to the Brand Development Fund will be applicable for each and every monthly Accounting Period thereafter during the Term until otherwise designated by Franchisor in writing.
The Brand Development Fund Fee shall be paid to Franchisor on the Due Date and in accordance with the payment terms and method set forth in Article 5.B. for the payment of Royalty Fees or as otherwise designated by Franchisor;
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to the 2024 Casiola Franchise Disclosure Document, the Brand Development Fund Fee is due on the Due Date, following the payment terms and methods outlined in Article 5.B for Royalty Fees, or as otherwise specified by Casiola.
This means that a Casiola franchisee must pay the Brand Development Fund Fee according to the schedule and methods used for paying Royalty Fees, unless Casiola directs otherwise. It is important for prospective franchisees to carefully review Article 5.B to understand the exact payment schedule (e.g., weekly, monthly) and acceptable payment methods (e.g., electronic transfer, check).
Franchisees should also note that the percentage of gross Commission+ Fees to be paid to the Brand Development Fund will be applicable for each monthly Accounting Period after written notice from Casiola. This implies that the fee amount could change during the term of the franchise agreement, with Casiola providing written notification of any adjustments. Therefore, franchisees need to stay informed of any such notices to ensure timely and accurate payments.