Are there any other agreements besides the Request for Consideration, Franchise Agreement, Sales Representative Agreement, and Guaranty included in the Exit FDD?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
ng this course is that the Franchisee must have first attended the Franchise Management Training Course. It is recommended that this Advanced Broker Course be attended at least once during the five year term of the Franchise Agreement.
9.12. Sales Representative Agreements
Franchisee shall at all times maintain a written Sales Representative Agreement between Franchisee and each of its Sales Representatives; which Agreement shall be in a form approved by Subfranchisor or EXIT. Franchisee shall provide the Subfranchisor and Franchisor with the version of the Sales Representative Agreement that they are using within their office.
9.13. Computer Information Systems
Franchisee shall utilize computer hardware and software as required by EXIT, including such proprietary computer software as EXIT may develop for use in connection with the EXIT System. Franchisee shall submit to EXIT and Subfranchisor such forms, reports, and records as specified and at the times indicated in this Agreement, in the Training Manuals and in other written communications from EXIT and Subfranchisor. EXIT has developed and implemented a computer based information system for purposes of maintaining a uniform electronic database of franchisee profiles, books and records. Franchisee agrees to co-operate in the ongoing development of this system, to pay a license fee not to exceed two hundred and fifty dollars ($250.00) per month related to computer software, to maintain records through this system, and to file and receive reports electronically to and from EXIT and Subfranchisor as may be required by the System. This monthly fee is to be paid through automatic monthly withdrawal.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, franchisees must maintain a written Sales Representative Agreement with each sales representative, using a form approved by Exit. Franchisees must provide Exit with the version of the Sales Representative Agreement they are using.
Additionally, Exit franchisees are required to utilize specific computer hardware and software, potentially including proprietary software developed by Exit. Franchisees must also submit forms, reports, and records as specified by Exit. The FDD mentions a computer-based information system that Exit uses to maintain a uniform electronic database of franchisee profiles, books, and records. Franchisees agree to cooperate in the ongoing development of this system.
Furthermore, franchisees must pay a license fee not to exceed $250 per month related to computer software. This fee is paid through automatic monthly withdrawal. If a franchisee owns more than one Exit Franchise Agreement operated by the same legal entity and using the same trade name, the monthly computer software license fee for the second and subsequent Franchise Agreements is reduced to 25% of the standard monthly license fee.