What is the maximum Conference Registration Fee that Cinch I.T. may charge?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
to the extent prohibited by the laws of the state where the Franchised Business is located or where the employee lives or works, which agreement is intended to protect Our Confidential Information and proprietary interest in the Licensed Rights.
- (i) We may, at Our option, from time to time but not more than once every year conduct a national or regional Conference ("Conference"). The duration, curriculum and location of Conference will be determined by Us in Our sole and exclusive discretion. You are required to attend the Conference, and to pay all of Your expenses incurred in connection with attending the Conference including transportation cost, meals, lodging and living expenses. We shall have the right to charge You a reasonable Conference Registration Fee (currently up to Seven Hundred Dollars ($700.00)) for You to attend each Conference. We may charge this registration fee up to one (1) year in advance invoiced and paid via EFT as part of Your standard month
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, franchisees are required to attend a national or regional conference that Cinch I.T. may conduct once per year. Franchisees are responsible for all expenses related to attending the conference, including transportation, meals, and lodging.
Cinch I.T. has the right to charge a reasonable Conference Registration Fee, which is currently up to $700.00. This fee is non-refundable and will be collected even if the franchisee does not attend the conference.
Cinch I.T. may invoice and collect this fee via EFT as part of the franchisee's standard monthly billing, up to one year in advance. However, Cinch I.T. will try to make the substantive materials presented at the Conference available through the Intranet.