What is the fine for a Chem Dry franchisee if they fail to attend a convention as required by the agreement?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
aining or advice, all of which CDI may discontinue and/or modify from time to time. If FRANCHISEE fails to fulfill any portion of the annual training requirements, CDI shall have the right to impose on FRANCHISEE fine(s) of $500. FRANCHISEE shall pay such fine when invoiced.
- FRANCHISEE agrees to attend at least two conventions during the term of this Agreement and pay the convention fees for attending each convention charged by CDI. FRANCHISEE further agrees t
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to the 2024 Chem Dry Franchise Disclosure Document, franchisees are required to attend at least two conventions during the term of the agreement. Furthermore, franchisees must attend at least one convention during the first three years of the agreement. Franchisees are also responsible for paying the convention fees charged by Chem Dry for attending each convention.
If a Chem Dry franchisee fails to attend a convention as mandated by the agreement, Chem Dry has the right to impose a fine of $500. The franchisee is obligated to pay this fine upon receiving an invoice from Chem Dry.
This requirement and associated fine underscore the importance Chem Dry places on franchisee participation in conventions, likely for training, networking, and brand consistency purposes. A prospective franchisee should factor this mandatory expense and potential fine into their financial planning.