factual
When is the Reporting Non-Compliance fee due for a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Customer Service and Refunds (Note 8) | Varies under the circumstances | On demand | Applies if, in our discretion, we elect to resolve a complaint or refund request by a customer. |
| Annual Conference Attendance Fee (Note 9) | Our then current conference fee, not greater than $1,000 | When invoiced | Applies to conference fee for an annual System conference. |
| Additional Employee Initial Training | Our then current training fee, currently $600 per person per day | When invoiced and prior to training | Our initial pre-opening training is provided at no additional cost for you or your Managing Owner and one designated manager at no additional charge. This fee applies to additional individuals that we authorize to attend training. You are responsible for all fees, wages, and expenses associated with attendance. |
| Supplemental Training | Our then current daily rate per trainer, plus expenses we incur. Current rate is $600 per day | On demand | If you request or we require additional training, you must pay our then current trainer fee plus, if applicable, our expenses related to travel and accommodations. |
| Supplier Review | $500 plus actual fees, costs, and expenses | On demand | You must pay us the costs incurred by us to review and evaluate a potential supplier, product, or service that you submit to us for approval, regardless of whether we subsequently approve the product or supplier. |
| Non-Compliance: Customer Reviews (Note 10) | $250 to $750 per month | On demand | If your aggregate customer review ratings fall below 4.5 stars out of 5 or below a 90% approval rating you must pay to us a non-compliance fee of between $250 to $750 per month for each month of non-compliance. |
| Reporting Non-Compliance | $150 per occurrence | 14 days of invoice | Payable for failure to timely submit royalty and other reports required under the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the Reporting Non-Compliance fee is $150 per occurrence. This fee is charged if a franchisee fails to submit royalty and other reports required under the Franchise Agreement in a timely manner.
The fee is due within 14 days of the invoice date. This means that Deck Medic franchisees must ensure they submit all required reports on time to avoid incurring this fee.
Franchisees should maintain organized records and adhere to the reporting schedule outlined in the Franchise Agreement to prevent non-compliance and the associated costs.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.