Are Dryer Vent Squad franchisees required to attend the 'Annual System Conference'?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
- (5) Annual Conference Attendance Fees Franchisee shall be responsible for all expenses of its personnel attending the Annual System Conference including travel, meals and lodging. Franchisee shall be required to pay to Franchisor an Annual Conference Attendance Fee. Franchisee agrees that if Franchisee fails to attend the Annual System Conference that Franchisor shall, nevertheless, charge and Franchisee shall pay the Annual Conference Attendance Fee – even if Franchisor waives such fee for franchisees who attend the Annual System Conference.
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, franchisees are required to pay the Annual Conference Attendance Fee, even if they do not attend the Annual System Conference. The Annual System Conference is established and organized by Dryer Vent Squad for facilitating networking among franchisees and for general education. Dryer Vent Squad determines whether the Annual System Conference will occur in any particular year, including the dates, content, and location. The conference will not exceed five consecutive days per calendar year.
Dryer Vent Squad franchisees are responsible for all costs and expenses associated with their travel to and attendance at the Annual System Conference. The Annual Conference Attendance Fee cannot exceed $1,500 annually.
This means that even if a Dryer Vent Squad franchisee chooses not to attend the Annual System Conference, they are still obligated to pay the Annual Conference Attendance Fee. This fee covers the costs associated with organizing the conference, regardless of whether the franchisee benefits from attending. This could be seen as a disadvantage for franchisees who cannot attend due to scheduling conflicts or other reasons, as they are still required to pay the fee.