What must a franchisee of Expense Reduction Analysts do after signing the Franchise Agreement regarding training?

According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, after signing the Franchise Agreement, a franchisee must complete one of the next two scheduled Foundational Training Programs to the franchisor's satisfaction. If the franchisee is a business entity, a Designated Principal must attend the Foundational Training Program. This training is crucial for learning how to plan and operate the Expense Reduction Analysts system.

The Foundational Training Program is held in person at Expense Reduction Analysts' corporate headquarters in Kent, UK, or another designated location. The entire program consists of up to two weeks of training, including 12-15 hours of online training that must be completed remotely before any in-person training. Expense Reduction Analysts anticipates that training will be held every four to six weeks.

Expense Reduction Analysts also offers additional training programs and refresher courses, as they deem appropriate, to franchisees and their Practice Model Consultants or employees. Franchisees are responsible for the costs and expenses incurred in connection with attending such training. Expense Reduction Analysts may also require franchisees and/or their employees to attend remedial training if they breach the Franchise Agreement or fail to operate the Consulting Business according to system standards. The franchisee may have to cover the costs and expenses incurred by Expense Reduction Analysts in providing this remedial training.

In addition to the Foundational Training Program, Expense Reduction Analysts may hold an annual conference that franchisees, their Designated Principal, and/or their Practice Model Consultants may be required to attend. The registration fee for this conference will not exceed $1,500 per person per event, subject to CPI adjustments. For new franchisees attending a conference in their first 12 months, Expense Reduction Analysts will cover the fee for one person attending the conference. Franchisees are also required to attend at least 75% of the regional meetings called by their Area Representative or Support Center each year, with no more than twelve meetings a year.