What section of the Focus CFO Franchise Agreement outlines the guidelines for Professional Services Agreements (PSA)?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.5.
Client Engagement and Professional Service Agreements.
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.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, Section 7.5 of the Franchise Agreement outlines the guidelines for Professional Services Agreements (PSA). Specifically, this section addresses client engagement and the use of PSAs, which are Focus CFO's standard contracts for client engagements.
Section 7.5 emphasizes that all client contracts for CFO Services must be entered into by Focus CFO, not the franchisee. It also states that Focus CFO's standard PSA is to be used for all client engagements and that these PSAs are prepared through a centralized process to ensure adherence to Focus CFO's standards for contractual language, pricing, and terms. Franchisees are responsible for coordinating the preparation and execution of these PSAs through this centralized process and are authorized to execute the standard PSA on behalf of Focus CFO, provided it has been prepared and approved by Focus CFO.
This section also clarifies that franchisees cannot deviate from the standard PSA terms without written consent from Focus CFO. Additionally, the acceptance of new clients is subject to approval by Focus CFO, ensuring that Focus CFO does not contract with businesses or organizations that engage in activities conflicting with Focus CFO's ethical standards or that may harm the Focus CFO Marks. All client payments are made directly to Focus CFO, who then compensates the franchisee as an independent contractor according to the Compensation Policy outlined in Attachment B. Franchisees are not authorized to provide services to a prospective client until Focus CFO has a signed copy of the PSA on file, and any payments received without a signed PSA will be returned, with no payments made to the franchisee.