Does the Casiola Franchise Agreement require a Franchise Fee Acknowledgment?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
description of the Operating Market includes and/or delineates geographic or political boundaries such determinations will be considered fixed as of the Effective Date of the Franchise Agreement and will not change for the purpose of this Agreement notwithstanding a change or reorganization to such boundaries or regions. All street boundaries, if any, will be deemed to end at the street center lines unless otherwise specified above.
Franchisor: Casiola Franchise LLC Name and Title (please print) Name (please print) Name (please print)
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2024 FDD)
Yes, according to Casiola's 2024 Franchise Disclosure Document, the Franchise Agreement includes a Schedule 2 titled "Franchise Fee Acknowledgment." This schedule requires both the franchisor and franchisee to agree on certain details regarding the franchise fee.
The Franchise Fee Acknowledgment requires specification of whether the franchisee's operating market qualifies as a single territory only, or a single territory plus additional territories, and if so, the number of total territories. The schedule also requires specification of the initial franchise fee amount in dollars.
Both the franchisor, Casiola Franchise LLC, and the franchisee must sign and date the Franchise Fee Acknowledgment, indicating their agreement to the terms outlined in the schedule. This acknowledgment serves as a formal record of the agreed-upon franchise fee and territory details, ensuring clarity and mutual understanding between both parties.