What must the payment details entered into the Exit MEMO system agree with?

According to Exit's 2025 Franchise Disclosure Document, all payments to the Subfranchisor must be accompanied by documentation demonstrating how the payment amount was determined. This means that when an Exit franchisee makes a payment to the Subfranchisor, they need to provide paperwork or records that clearly show how the payment amount was calculated.

This requirement ensures transparency and accountability in financial transactions between the franchisee and subfranchisor. By providing documentation, the franchisee can verify that the payment is accurate and in accordance with the terms of the franchise agreement. This also helps the subfranchisor to properly track and reconcile payments received.

For a prospective Exit franchisee, this means maintaining organized records of all sales and lease transactions, commission splits, and any other factors that contribute to the payment amount. They should also ensure that their accounting systems are set up to generate the necessary documentation to accompany each payment to the subfranchisor. Failure to provide adequate documentation could lead to disputes or audits, as Exit and the Subfranchisor have audit rights to inspect the Franchisee's books and records.