When is the statement of local marketing expenditures due to Face Foundrie?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) A statement of local marketing expenditures made pursuant to Section 10.03 for fiscal year to date, in a form satisfactory to Franchisor, along with invoices documenting such expenditures (if required by Franchisor), to be delivered within ten (10) days after the end of each calendar month;
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, franchisees must submit a statement of local marketing expenditures to Face Foundrie within ten days after the end of each calendar month. This statement should cover expenditures made under Section 10.03 of the franchise agreement for the fiscal year up to that date. The statement must be in a format that Face Foundrie finds satisfactory.
Along with the statement, franchisees must also provide invoices documenting these expenditures, but only if Face Foundrie requests them. This requirement ensures that Face Foundrie can monitor the franchisee's compliance with local marketing obligations and verify the appropriate use of marketing funds.
Franchisees should be aware that failure to provide this statement on time could result in penalties, as Face Foundrie may charge a late submission fee for any reports or information not received by the required deadline. This monthly reporting requirement is in addition to the annual marketing plan that franchisees must submit to Face Foundrie for review and approval at least 60 days before the end of each calendar year.