If Fitstop designates a different payment interval for the Technology Fee, where will this be specified?

According to Fitstop's 2024 Franchise Disclosure Document, the Technology Fee is initially set at 2% of Gross Revenue, collected in the same manner and at the same time as the Royalty Fees. However, Fitstop can designate a different payment interval for the Technology Fee. If Fitstop chooses to do so, this change will be specified either in the Manuals or in writing.

This means that as a prospective Fitstop franchisee, you should review the Fitstop Manuals carefully and any written communications from Fitstop to stay informed about the current payment schedule for the Technology Fee. The franchisor has the discretion to modify this fee structure, so it is important to stay updated to avoid any late payment penalties or other issues.

Furthermore, Fitstop may modify the Technology Fee for all System franchisees, provided they give 60 days' prior written notice via the Manuals or otherwise. This highlights the importance of regularly reviewing updates to the Manuals and maintaining open communication with Fitstop to stay informed about any changes to fees and payment schedules.