Does the Minnesota Franchise Agreement Amendment for Casiola introduce any new fees?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
HIS STATE WHICH IS SUBJECT TO REGISTRATION WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, AT LEAST SEVEN DAYS PRIOR TO THE EXE
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
The 2024 Casiola Franchise Disclosure Document includes a Minnesota FDD Amendment that addresses fees. Specifically, it amends Item 6, "Other Fees," to state that insufficient funds are governed by Minnesota Statute 604.113, which caps service charges at $30. This amendment does not introduce new fees but rather clarifies the existing fee structure in accordance with Minnesota law.
This means that for Casiola franchisees in Minnesota, the amount they can be charged for insufficient funds is limited to $30, as mandated by state law. This provides a degree of protection for franchisees against excessive fees in this specific instance.
Prospective franchisees should be aware of this cap and ensure that the franchise agreement adheres to it. It is important to note that this amendment only addresses the insufficient funds fee and does not cover other potential fees that may be outlined in the franchise agreement.