After the initial payment, when is the annual Technology Fee due for a Focalpoint Coaching franchise?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5/ You must pay us the first annual payment of the Technology Fee in a lump sum when you sign the Franchise Agreement. See Item 5. From Month 13 immediately following the Effective Date through the remainder of the term of the Franchise Agreement, you must pay us the Technology Fee on an annual basis on or before November 30th of each year.
- 6/ Brand Damages include all damages, costs, expenses, attorneys' and experts' fees directly or indirectly related to early termination, including lost Royalties, lost profits, loss of goodwill and damage to our Marks and reputation, lost opportunities, travel and personnel costs, expenses that we may incur in finding another franchise owner, and any other lost payments or benefits we would have received for the balance of the term of the Franchise Agreement after the effective date of termination.
Source: Item 6 — Other Fees (FDD pages 14–20)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the Technology Fee is initially due when signing the Franchise Agreement. Following this initial payment, subsequent annual Technology Fees are due on or before November 30th of each year, starting from Month 13 after the Effective Date of the agreement.
This means that a Focalpoint Coaching franchisee will need to budget for this annual fee, ensuring payment is made by the specified date to remain in compliance with the franchise agreement. The Technology Fee likely covers the costs associated with providing and maintaining the technology infrastructure and support necessary for operating the franchise.
However, if a franchisee operates a FocalPoint AR Business under an Area Representative Agreement, their obligation to pay the Technology Fee is waived until the Area Representative Agreement terminates or expires. This is an important exception to consider, as it can affect the overall financial obligations of the franchisee during the initial period of operation.