Who prepares and approves the PSA agreements for Focus Cfo clients?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
to time after written notice by us.
ATTACHMENT F TO FRANCHISE AGREEMENT
AUTHORITY TO BIND FOCUS CFO (EFFECTIVE AS OF APRIL 30, 2021)
Focus CFO has the right to modify the provisions of this Attachment upon 30 days prior written notice.
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.
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- Non-Disclosure or Confidentiality Agreements (NDA). All requests for non-disclosure or confidentiality agreements with potential clients or other parties must be reviewed by Focus CFO prior to execution. An Area President or CFO may only be authorized to sign an NDA on behalf of Focus CFO after it has been reviewed and approved in advance by Focus CFO. In general, we want to use a Focus CFO prepared NDA versus one prepared by a prospective client or their attorney.
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- Business Associate Agreements (BAA). In accordance with Focus CFO policy, Franchisees are never authorized to execute a BAA as prepared by the client. Focus CFO has a standard BAA that can be provided to a client, in cases when a BAA is required by the client. Franchisees are authorized to execute a BAA only when prepared through Focus CFO's centralized preparation process only.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the Professional Services Agreements (PSAs) are prepared through a centralized process to ensure that the contractual language, pricing, and terms adhere to Focus CFO's standards. These agreements require approval by Focus CFO.
Area Presidents are authorized to execute PSA agreements with Focus Cfo clients on behalf of Focus CFO, but only after the agreements have been prepared and approved by Focus CFO. Franchisees are not authorized to make any changes to the PSA language or terms without written authorization from Focus CFO.
This centralized preparation and approval process is in place to protect Focus CFO's system and marks, ensuring consistency and adherence to company standards across all client engagements. The franchisee is responsible for coordinating the preparation and successful execution of client PSAs through this centralized process.