Where can I find the definition of 'PSA' within the Focus Cfo Franchise Agreement?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
A Franchisee's ability to bind Focus CFO is limited to the following, all of which require the advance approval of Focus CFO:
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- Professional Services Agreements (PSA). In accordance with the guidelines set forth in Section 7.5 of the Franchise Agreement, Area Presidents are authorized to execute PSA agreements with Focus CFO clients on behalf of Focus CFO, after they have been prepared and approved by Focus CFO. Franchisees are not authorized to make any changes to PSA language or terms without the written authorization of Focus CFO.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the definition of Professional Services Agreements (PSA) is not explicitly provided within Attachment A, which defines key terms of the agreement. However, Attachment F discusses the use of PSAs. It states that Area Presidents are authorized to execute PSA agreements with Focus CFO clients on behalf of Focus CFO, following guidelines in Section 7.5 of the Franchise Agreement, after the PSAs have been prepared and approved by Focus CFO. Franchisees are not allowed to alter the PSA language or terms without Focus CFO's written authorization.
While the document does not provide a specific definition of 'PSA', it does clarify the process and limitations regarding their use. This means that while franchisees will be working with these agreements, they have limited authority to modify them, ensuring consistency and brand protection for Focus CFO.
Prospective franchisees should inquire with Focus CFO about the specific terms and conditions outlined in Section 7.5 of the Franchise Agreement to fully understand the nature and scope of the Professional Services Agreements. Understanding the limitations and approval processes surrounding PSAs is crucial for franchisees to effectively manage client relationships and adhere to Focus CFO's standards.