What is the deadline for a Focalpoint Coaching franchisee to reimburse the Indemnified Parties for costs and expenses related to defending a claim?

According to Focalpoint Coaching's 2025 Franchise Disclosure Document, a franchisee must reimburse the Indemnified Parties for all costs and expenses related to defending a claim. This includes court costs and reasonable attorneys' fees. The franchisee is required to make this reimbursement within ten days of the date of each invoice. The invoice will be delivered by the Indemnified Parties to the franchisee and will enumerate the specific costs, expenses, and attorneys' fees being charged.

This means that if Focalpoint Coaching or other Indemnified Parties incur expenses defending a claim related to the franchisee's business operations, the franchisee is responsible for promptly paying those costs. The franchisee does not have an extended period to arrange payment; they must act quickly once they receive an invoice.

This obligation is significant for a prospective Focalpoint Coaching franchisee because it highlights the potential for unexpected expenses. While insurance may cover some claims, this clause ensures that the franchisee is ultimately responsible for the legal costs associated with defending against claims arising from their business. Franchisees should factor this potential liability into their financial planning and ensure they have sufficient resources to cover such costs should they arise.