What constitutes a violation of Focus Cfo's performance standards?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
a default, your interest in the franchise will terminate. | | CFO with cause | | | | g. "Cause" defined - | Section 11.3 | You breach any provision of the Franchise Agreement or any other agreement with Focus CFO or any Focus CFO affiliate and you fail to cure the breach within thirty (30) days. You fail to meet Focus CFO's Performance Standards and such failure continues after receiving thirty (30) days' notice from Focus CFO of such failure to meet the standard, or you accumulate three (3) violations of any individual or combination of the standards, which include: (i) you must comply with Focus CFO's policies as outlined in the Playbook; (ii) you must participate in, or attend, at least 75% of the total required training sessions held by Focus CFO; | | defaults which can be | | | | cured | | | | Provision | Section in Franchise Agreement | Summary | |--------------------------------------------------------------|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | (iii) you must consistently demonstrate, follow, | | | | and abide by, the Company's Core Values as | | | | outlined on Focus CFO's website and in the | | | | Playbook; (iv) you must regularly collaborate | | | | with other Area Presidents and CFOs in your | | | | territory; (v) you must demonstrate an ability to | | | | follow | | | | the | | | | Company's | | | | core | | | | processes | | | | and | | | | procedures related to business development, new | | | | client acquisition, ongoing client support and | | | | client retention; (vi) you must not be negligent in | | | | the performance of the duties as outlined in the | | | | Franchise Agreement or as a result of any Focus | | | | CFO client arrangement; (vii) you must follow | | | | the policies or directives of Focus CFO, any | | | | Focus CFO affiliate or a Focus CFO client, as | | | | such policies or directives are established from | | h. "Cause" defined - defaults which cannot be cured | Section 11.2, 12.1.6 | time to time after written notice by Focus CFO. (i) You become insolvent; (ii) You file a petition in bankruptcy; (iii) You make an assignment for the benefit of your creditors; (iv) You take action or inaction that defames or disparages Focus CFO;
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, failing to meet the company's performance standards can lead to termination of the Franchise Agreement if the failure continues 30 days after notice from Focus CFO. Accumulating three violations of any combination of standards also constitutes a failure to meet performance standards.
The performance standards for Focus Cfo include several requirements. Franchisees must comply with Focus Cfo's policies as outlined in the Playbook. They need to participate in at least 75% of the required training sessions. Franchisees must consistently demonstrate and abide by the company's core values as outlined on Focus CFO's website and in the Playbook. Regular collaboration with other Area Presidents and CFOs in their territory is also expected. Franchisees must also demonstrate the ability to follow the company's core processes and procedures related to business development, new client acquisition, ongoing client support, and client retention.
Additional performance standards include avoiding negligence in performing duties as outlined in the Franchise Agreement or in client arrangements. Franchisees must also follow the policies or directives of Focus CFO, its affiliates, or a Focus CFO client, as established with written notice. Failure to meet these standards, after notice and a chance to cure, or accumulating multiple violations, can result in the termination of the franchise agreement.