How are payments to the Crawlspace Medic Brand Fund made?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
sole discretion and at any time and from time to time, to increase the amount of the Brand Fund Contribution to two percent (2%) of the Gross Revenue generated monthly. Payments will be made in the same manner and time as the Royalty Fees. If Franchisee fails to timely report Gross Revenue, then, in addition to a late fee and interest pursuant to Sections 6.2 and 6.3 hereof, Franchisor shall collect one hundred twenty percent (120%) of the last Brand Fund Contribution payable. Franchisor shall reconcile amounts when Gross Revenues are reported.
- 13.3.2.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, payments to the Brand Fund are made in the same manner and time as the royalty fees. The FDD does not specify the exact method or timing of royalty fee payments.
If a Crawlspace Medic franchisee fails to report gross revenue on time, they will be charged a late fee and interest, as well as 120% of the last Brand Fund contribution payable. The franchisor will reconcile the amounts when the gross revenues are reported.
The franchisor has the right to increase the Brand Fund contribution to 2% of the gross revenue generated monthly. The franchisor also directs the Brand Fund and has sole discretion to approve the creative concepts, materials, and media used in programs, as well as their placement and allocation.