Does the Focus Cfo franchise agreement define 'Equity Owner'?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
317-258-3270 | Markp112x@gmail.com | | Owens, Jim | Bloom Advisory Group LLC | 812-340-5255 | jasowens@msn.com | | LaValla, Richard | JAM Ventures LLC | N/A | Deceased |## ATTACHMENT A TO THE FRANCHISE AGREEMENT
DEFINITION OF KEY TERMS
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- "Adverse Event" has the meaning set forth in Section 10.4;
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- "Agreement" or "Franchise Agreement" means this agreement entitled "Focus CFO Group, LLC Franchise Agreement" and all attachments, amendments and addendums hereto;
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- "Area President" means the Equity Owner of a Focus CFO Franchisee who works to generate new clients within Focus CFO's coordinated client development system using the Focus CFO System and Focus CFO Marks;
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- "Book of Business" means the cash basis revenue from Focus CFO clients that are the result of the business development activities of an Area President and for clients that are assigned to the Area President;
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- "Cause" has the meaning set forth in Section 11.2;
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- "CFO" or "Licensee" means a Focus CFO Licensee who directly provides fractional CFO Services to Focus CFO's clients using the Focus CFO Marks and other resources provided by Focus CFO pursuant to a Licensing Agreement executed with Focus CFO;
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- "CFO Services" has the meaning set forth in the Whereas clauses;
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- "Compensation Policy" See Attachment B;
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- "Confidential Information" has the meaning set forth in Section 15.1;
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- "Customer" or "Customers" has the meaning set forth in Section 13.3;
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- "Direct Outreach Marketing" has the meaning set forth in Section 3.1.1;
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- "Effective Date" means the date on which both Franchisor and Franchisee fully execut
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the term "Equity Owner" is defined within Attachment A of the franchise agreement. Attachment A provides definitions of key terms used throughout the agreement. Specifically, the definition of "Equity Owner" is referenced as being located in the opening paragraph of the agreement.
As a Focus Cfo franchisee, it is important to understand the definition of "Equity Owner" because the franchise agreement stipulates that the franchisee must enter the agreement as a business entity with one equity owner who will serve as the Area President. The Area President is responsible for operating the franchise and generating new clients using Focus Cfo's client development system.
Furthermore, Focus Cfo conducts a background check on the Equity Owner as a condition of executing the agreement. An unsatisfactory background check can nullify the offer to execute the agreement or lead to its immediate termination with a full refund of the franchise fee. The Equity Owner is also bound by certain obligations within the agreement, such as indemnification, that survive the termination of the agreement.