Must revisions to the Exit Formula be provided to each Exit Associate in a timely manner?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FORMULA MUST FORM PART OF EACH EXIT CONTRACT FOR ALL EXIT ASSOCIATES AND REVISIONS TO THIS FORMULA MUST BE PROVIDED TO EACH EXIT ASSOCIATE IN A TIMELY MANNER.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, revisions to the Exit Formula must be provided to each Exit Associate in a timely manner. The Exit Formula must be part of each Exit Associate's contract.
Exit retains the right to modify the Exit Formula and may increase the Annual Membership and fees up to 5% per year. If Exit increases any amounts less than 5%, the unused portion may be carried over to subsequent years. Any modification shall become effective upon notice to all Subfranchisors and Franchisees.
It is the franchisee's responsibility to inform their sales representatives and employees of any changes to the Exit Formula. This ensures that all members of the Exit team are operating with the most current information, which is crucial for maintaining consistency and compliance within the franchise system.