Is attendance at additional optional training programs required for Management Recruiters franchisees, and are there fees associated with these programs?

under applicable law.

• 1. At our discretion we offer additional optional training programs to members that are not in default of their franchise agreement. You are not required to attend or pay any fee if you do not attend. We reserve the right to charge a fee for additional optional training. The prices for these programs will be published in advance and may vary. If you sell the business to a new buyer, they will have to pay the Jump Start Fee, which will cover administrative and training costs.
• 1. The Annual Owners' Meeting is mandatory. Registration fees will vary depending on the costs to MRI but have typically ranged between $500 and $700 per attendee, not including the cost of travel, room, and board, for which you are responsible.
• 1. If your Franchise Agreement is terminated pursuant to Section 20.2 of the Franchise Agreement within nine (9) months of the date you sign the Agreement, you will be responsible for paying a fee of $15,000. Termination under Section 20.2 may occur in any of the following situations:
  • Franchisee has not generated sufficient Gross Funds to pay a Gross Continuing Fee of at least three thousand dollars ($3,000.00) within six (6) months following the Effective Date;
  • Franchisee is declared bankrupt or judicially determined to be insolvent, or all or a substantial part of the assets of Franchisee or the Franchise Business are assigned to or for the benefit of any creditor, or Franchisee admits his inability to pay Franchisee's debts as they come due;

Source: Item 6 — OTHER FEES (FDD pages 16–23)