How does Eos Worldwide calculate US Dollar equivalents for payments made in other currencies?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
of any period of time, "from" means "from and including" and "to" means "to but excluding"; (x) references to a governmental authority also refer to any regulatory body that succeeds the function of such authority; (xi) references to documents, instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto; and (xii) references to any right under this Agreement which a party "may" exercise shall imply that such party shall in no way be deemed obligated to exercise such right.
- (e) The parties agree that this Agreement is drafted in the English language. Each party accepts and approves the English version of the Agreement signed by all parties as controlling in any dispute among the parties arising from or related to the Agreement.
21.14 Currency.
Unless otherwise specified, all dollar figures disclosed in our Franchise Disclosure Document and referenced in this Agreement are stated in United States Dollars, and do not include any applicable taxes, which such taxes are your responsibility in accordance with Section 4.13 and Section 12.2 above.
Accordingly, unless otherwise specified, the word "dollar" and the "$" sign refer to United States Dollars, and all amounts to be advanced, paid, tendered or calculated under this Agreement are to be advanced, paid, tendered or calculated in United States Dollars. However, from time to time, we may calculate amounts to be paid under this Agreement, and we may require or allow you to advance, pay or tender such amounts, in currency other than the United States Dollar, which may be your local currency. By way of example, if you attend a conference or another event outside of the United States, those conference or registration fees may be calculated and charged i
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, all dollar figures are stated in United States Dollars. While payments are generally made in USD, Eos Worldwide may calculate amounts in other currencies, especially for events like conferences held outside the United States.
To determine the US Dollar equivalent, Eos Worldwide will provide notice, potentially in the form of an invoice, using their standard processes and policies based on the applicable spot exchange rate at the time of calculation. This means the conversion will reflect the current market value of the currency at that moment.
However, if a payment is transmitted after its due date, Eos Worldwide may adjust the US Dollar equivalent if the spot exchange rate has changed. In such cases, the franchisee may be invoiced for any shortfall resulting from the currency fluctuation. Eos Worldwide's determination of the US Dollar equivalent is considered controlling unless there is a clear error. This policy protects Eos Worldwide from losses due to currency fluctuations and ensures they receive the correct USD amount, while also placing the risk of exchange rate changes on the franchisee if payments are late.