How does Creative World School handle overpayments of royalties?

According to the 2025 Creative World School Franchise Disclosure Document, if a franchisee overpays royalties, the overpayment will be credited to the franchisee's account. The credit will be effective as of the first reporting date after both the franchisee and Creative World School determine that the credit is due.

This means that Creative World School will acknowledge and rectify any overpayment of royalties. The franchisee will see the correction reflected in their account, specifically applied to the next reporting period. This ensures that the franchisee is not unduly penalized and that their financial obligations are accurately adjusted.

This process provides a mechanism for correcting errors and ensuring fair financial dealings between Creative World School and its franchisees. It is important for franchisees to carefully track their gross revenues and royalty payments to identify any discrepancies promptly. Regular communication with Creative World School regarding financial reporting is essential for maintaining accurate records and resolving any overpayment issues efficiently.