What must a Focus Cfo franchisee execute at the time of paying the renewal fee?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
o the Franchise Agreement;
- 2.3.3. Franchisee is not in default of any provision of this Agreement or any other agreement with Focus CFO;
- 2.3.4. Franchisee shall execute Focus CFO's then-current Franchise Agreement (with modifications to reflect the fact that the agreement relates to the renewal of the Franchise) which may contain terms that are materially different than the terms of this Agreement. Failure to sign such agreement prior to the termination of the current Agreement shall be deemed an election by Franchisee not to renew the Franchise. Subject to the provisions of Section 12, below, Franchisee has the option to Transfer its Book of Business (as defined in Attachment A) to another franchisee at the end of the Initial Term. At its option, Focus CFO may elect to extend the term of this Agreement rather than entering into a new franchise agreement;
- 2.3.5. Franchisee pays a renewal fee in the amount of Two Thousand Five Hundred Dollars ($2,500). Su
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, a franchisee must execute Focus CFO's then-current Franchise Agreement at the time of paying the $2,500 renewal fee. This agreement will be modified to reflect that it pertains to a franchise renewal. The new agreement may include terms that are significantly different from the original agreement. If the franchisee does not sign the new agreement before the current agreement terminates, it will be considered an election not to renew the franchise.
Focus CFO might choose to extend the current agreement instead of creating a new one. The franchisee also has the option to transfer their book of business to another franchisee at the end of the initial term, subject to certain provisions.
It is important for prospective franchisees to understand that the terms of the renewal agreement can be materially different from the original agreement. Franchisees should carefully review the renewal agreement to understand any changes to their rights and obligations. Franchisees should also be aware of the conditions that must be met to renew the franchise, such as satisfying performance standards and not being in default of any agreements with Focus CFO.