Is the Expense Reduction Analysts conference fee subject to CPI adjustment?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
red to pay the applicable Training Fee for those that attend the Third-Party Training; and (ii) responsible for the costs and expenses associated with You and any other required trainees attending such training. Once Your ERA Business is open and has commenced operations, the Franchisor will have the right to make Third-Party Training part of any Additional Training or Remedial Training that the Franchisor may require under Section 12.2 of this Agreement.
- (6) The Franchisor may establish and conduct an annual conference for all ERA Businesses, and may require You and any other Practice Model Consultants of the ERA Business to attend this conference each year. You will be solely responsible for all expenses incurred in attending the annual conference (including any employee wages). The Franchisor reserves the right to require You to pay the Franchisor its then-current conference fee prior to
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the annual conference fee is subject to CPI adjustment. Expense Reduction Analysts may require franchisees and their Practice Model Consultants to attend an annual conference. The franchisee is responsible for all expenses related to attending the conference, including employee wages. Expense Reduction Analysts reserves the right to require franchisees to pay a conference fee before attending.
The conference fee will not exceed $1,500 per attendee, but this maximum fee is subject to adjustment based on the Consumer Price Index (CPI). This means the fee can increase annually based on the increase published in the CPI as defined in section 34.15. For new franchisees attending the conference in their first 12 months, Expense Reduction Analysts will cover the fee for one person.
However, the franchisee remains responsible for all other costs of attendance, including travel, hotel, food, and employee wages. This CPI adjustment clause is important for prospective franchisees to consider, as it means the conference fee can increase over time, potentially impacting their overall expenses. Franchisees should factor in potential CPI increases when budgeting for annual conference attendance.