Where can I find the current rate for remedial training for Cinch I.T. accountability conferences?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
If You do not sell one new managed service provider ("Managed Service Provider") contract for three (3) consecutive months, We will require You to undertake and complete a performance improvement plan ("Performance Improvement Plan") over a consecutive three (3) month period.
The Performance Improvement Plan consists of a list of activity metrics assigned by Us that must be performed by You each week.
You must also attend a weekly accountability telephone conference to review the assigned metrics and Your results.
You will be charged in one (1) hour increments at Our then current rate as specified in subsection 13 (e) under remedial training for each accountability conference.
If after completion of the Performance Improvement Plan You do not sell one (1) new Managed Service Provider contract within three (3) months, You will be in default of Your Franchise Agreement and We may terminate the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, the current rate for remedial training for accountability conferences is specified in subsection 13 (e). If a Cinch I.T. franchisee does not sell one new managed service provider contract for three consecutive months, Cinch I.T. will require the franchisee to undertake and complete a performance improvement plan over a consecutive three-month period.
The performance improvement plan consists of a list of activity metrics assigned by Cinch I.T. that must be performed by the franchisee each week. The franchisee must also attend a weekly accountability telephone conference to review the assigned metrics and results.
The franchisee will be charged in one-hour increments at Cinch I.T.'s then-current rate as specified in subsection 13 (e) under remedial training for each accountability conference. If, after completion of the performance improvement plan, the franchisee does not sell one new managed service provider contract within three months, the franchisee will be in default of their Franchise Agreement, and Cinch I.T. may terminate the Franchise Agreement.