Under what circumstances might Eos Worldwide step in to manage an Eos Worldwide franchised business?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
xpenses to be incurred by us in connection with these transfers.
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- Management Fee. We also have the right to step in and operate your Franchised Business in certain circumstances, including your death, disability or prolonged absence to prevent harmful interruption of your Franchised Business. The reimbursable expenses include our and our representatives' wages, travel, lodging and meals. During any management period, you will still be required to pay to us all recurring fees.
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- Insurance Reimbursement. If you fail to comply with our minimum insurance requirements, we have the right to obtain and maintain the requisite insurance coverage on your behalf and at your sole expense.
Source: Item 6 — OTHER FEES (FDD pages 17–25)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, Eos Worldwide has the right to step in and operate a franchised business under specific conditions. These circumstances include the franchisee's death, disability, or prolonged absence. This intervention is designed to prevent harmful interruption to the franchised business.
During any period where Eos Worldwide manages the business, the franchisee is still responsible for paying all recurring fees. Additionally, the franchisee will be responsible for reimbursing Eos Worldwide for all costs and expenses incurred while managing the business. These reimbursable expenses include wages, travel, lodging, and meals for Eos Worldwide and its representatives.
In addition to the right to terminate the Franchise Agreement, Eos Worldwide (or its designee) may step-in to provide Services or Products to your Clients if you fail to cure a default within the applicable cure period (if applicable).