Where in the Focus Cfo Franchise Agreement can I find information about obligations on termination/non-renewal?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| 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 Focus Cfo's 2025 Franchise Disclosure Document, Item 17 outlines the provisions related to termination and non-renewal, and it indicates where specific details can be found within the Franchise Agreement. Specifically, your obligations upon termination or non-renewal of the Focus Cfo franchise agreement are detailed in Sections 11, 13, and 15 of the agreement.
These sections cover several key requirements. Upon termination or non-renewal, you must return all information related to Focus Cfo's business, including confidential and proprietary information. This encompasses data about clients, potential clients, standard documents, templates, marketing materials, policies, procedures, and contact lists. The information must be returned regardless of the format, whether it's original documents, photocopies, databases, or computer files, and regardless of where it came from (Focus CFO, service providers, clients, or prospective clients).
Additionally, you must adhere to the non-solicitation and non-compete clauses outlined in the agreement, preventing you from poaching clients or engaging in similar business activities for a specified period. You are also prohibited from using or disclosing any of Focus Cfo's confidential information. Finally, you are obligated to indemnify Focus CFO against any losses or liabilities resulting from breaches of the agreement, untrue representations, negligence, or intentional misconduct on your part.
Prospective franchisees should carefully review Sections 11, 13, and 15 of the Franchise Agreement to fully understand their obligations upon termination or non-renewal. Understanding these obligations is crucial for making informed decisions and avoiding potential legal or financial repercussions.