What clauses must a Focus Cfo franchisee comply with upon termination or non-renewal?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| convicted of a misdemeanor offense involving moral turpitude; (ix) you fail to comply with any applicable federal, state or local regulations or laws relating to the Franchise, the CFO Services or Focus CFO's business. With respect to a Transfer of the Franchisee's Book of Business, the Franchise Agreement will immediately terminate twelve (12) months from the date of transfer if not terminated earlier. Focus CFO is not required to give you prior notice or the right to cure for these events. | ||
| i. Your obligations on termination/non-renewal | Sections 11, 13, 15 | Return of all information, including confidential and proprietary information, including without limitation that related to our clients, potential clients, standard documents or templates, bulk marketing materials, policies or procedures, clients or contacts, including original materials, photocopies, databases, computer files that you receive either from Focus CFO, directly or indirectly, including from our service providers, or from our clients or prospective clients. Comply with non-solicitation and non-compete clauses. Not use or disclose Focus CFO confidential information. Indemnify Focus CFO for breaches, untrue representations, negligence or intentional misconduct. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, franchisees have specific obligations upon termination or non-renewal of their franchise agreement. These obligations are detailed in Sections 11, 13, and 15 of the Franchise Agreement.
Upon termination or non-renewal, a Focus Cfo franchisee must return all information received from Focus Cfo, its service providers, clients, or prospective clients. This includes confidential and proprietary information related to clients, potential clients, standard documents or templates, bulk marketing materials, policies or procedures, client contacts, and any related databases or computer files. All original materials, photocopies, and digital files must be returned.
Additionally, franchisees must adhere to the non-solicitation and non-compete clauses outlined in the agreement, preventing them from soliciting clients or competing with Focus Cfo for a specified period. Franchisees are also prohibited from using or disclosing any confidential information belonging to Focus Cfo. Furthermore, the franchisee is obligated to indemnify Focus Cfo for any breaches of contract, untrue representations, negligence, or intentional misconduct that may have occurred during the term of the franchise agreement.
These post-termination obligations are typical in franchise agreements to protect the franchisor's brand, confidential information, and customer relationships. Prospective Focus Cfo franchisees should carefully review Sections 11, 13, and 15 of the Franchise Agreement to fully understand the scope of these obligations and their potential impact.