factual

In the Focus Cfo agreement, what happens if a governmental agency referenced is succeeded by another regulatory body?

Focus_Cfo Franchise · 2025 FDD

Answer from 2025 FDD Document

References to a governmental agency also refer to any regulatory body that succeeds the function of such agency.

Source: Item 23 — Receipts (FDD pages 37–126)

What This Means (2025 FDD)

According to the 2025 Focus Cfo Franchise Disclosure Document, the Franchise Agreement addresses the succession of governmental agencies. Specifically, the agreement states that any reference to a governmental agency also refers to any regulatory body that succeeds the function of such agency. This ensures that the terms of the agreement remain relevant and enforceable even if the specific governmental agency mentioned is replaced or its responsibilities are transferred to another entity.

For a prospective Focus Cfo franchisee, this clause provides a level of security and clarity. It means that the franchisee's obligations and rights under the agreement will not be affected by mere changes in the structure or names of governmental bodies. Instead, the agreement will continue to apply to whatever entity is currently responsible for the relevant regulatory functions.

For example, if a particular state agency responsible for business licensing is reorganized and its duties are transferred to a new agency, the Focus Cfo Franchise Agreement will automatically apply to the new agency. This avoids any potential legal loopholes or disputes about which agency's regulations the franchisee must comply with. This clause helps to future-proof the agreement against administrative changes within the government.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.