Does the Casiola franchise agreement define the term 'Brand Development Fund Fees'?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
"Brand Development Fund" shall have the meaning defined and set forth in Article 9.A. of this Agreement.
"Brand Development Fund Fee" shall have the meaning defined and set forth in Article 9.A. of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the term "Brand Development Fund Fee" is defined within the franchise agreement. Specifically, the FDD states that the definition of "Brand Development Fund Fee" is set forth in Article 9.A. of the agreement.
This means that prospective Casiola franchisees can find the exact meaning and stipulations related to this fee within the referenced section of the franchise agreement. It is important to carefully review Article 9.A to understand how the Brand Development Fund Fee is calculated, when it is due, and what it covers.
Understanding the specifics of the Brand Development Fund Fee is crucial for franchisees as it directly impacts their financial obligations to Casiola. Franchisees should also note that the FDD mentions that the percentage of gross Commission+ Fees to be paid to the Brand Development Fund will be applicable for each monthly accounting period and can be changed by Casiola with written notice.