What is the role of Focus Cfo in the preparation of Professional Service Agreements?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
The following requirements relating to engagement of Focus CFO clients are necessary to protect Focus CFO's System and the Focus CFO Marks.
7.5.1. All contracts with clients for CFO Services must be entered into by Focus CFO and not by Franchisee. Focus CFO's standard Professional Service Agreement
("PSA") is used on all client engagements. The PSAs are prepared through a centralized preparation process to ensure contractual language, pricing and terms adhere to Focus CFO's standards. Contract terms cannot deviate from standard document without the written consent of Focus CFO. Franchisee is responsible for coordinating the preparation and successful execution of client PSAs through the centralized preparation process. Franchisee is authorized to execute Focus CFO's standard PSA, as prepared and approved by Focus CFO through the centralized preparation process, on behalf of Focus CFO.
7.5.2. Acceptance of new clients is subject to approval by Focus CFO. Focus CFO will not enter into contracts with businesses or organizations that engage in activities that are not in harmony with the ethical standards of Focus CFO, requesting service outside Focus CFO's identified scope of services or will injure the quality of the Focus CFO Marks.
7.5.3. All client payments are made to Focus CFO. Focus CFO will pay Franchisee as an independent contractor from the funds received from the clients in accordance with the Compensation Policy as set forth in Attachment B.
7.5.4. Franchisee and CFO licensee are not authorized to provide services to a prospective client until Focus CFO has received a signed copy of the full PSA (all pages) from the client. Any payments received from businesses where Focus CFO does not have a signed PSA on file, will be returned, with no payments being made to Franchisee on these amounts.
7.6. Client Delivery and Account Management.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, Focus Cfo plays a central role in the preparation and approval of Professional Service Agreements (PSAs). All contracts with clients for CFO Services must be entered into by Focus Cfo, not the franchisee. Focus Cfo's standard PSA is used for all client engagements and is prepared through a centralized process to ensure adherence to Focus Cfo's standards regarding contractual language, pricing, and terms. Franchisees are responsible for coordinating the preparation and execution of client PSAs through this centralized process.
Franchisees are authorized to execute Focus Cfo's standard PSA on behalf of Focus Cfo, but only after it has been prepared and approved by Focus Cfo through the centralized preparation process. Contract terms cannot be altered without Focus Cfo's written consent. This centralized approach is designed to protect Focus Cfo's system and marks, ensuring consistency and quality in client engagements.
Furthermore, acceptance of new clients is subject to approval by Focus Cfo, which will not enter into contracts with businesses or organizations that engage in activities not aligned with its ethical standards, request services outside its scope, or could harm the Focus Cfo Marks. All client payments are made directly to Focus Cfo, which then compensates the franchisee according to the Compensation Policy. Franchisees cannot provide services to a prospective client until Focus Cfo has a signed PSA on file, and payments received without a signed PSA will be returned, with no payments made to the franchisee. Focus Cfo also retains the right to modify the provisions regarding PSAs with 30 days' prior written notice.