IO Franchising

Franchise agreement

You must establish and maintain, at your own expense, bookkeeping, accounting and data processing systems we designate.

Item 11

We (or our designee(s)) have the right to independently access the electronic information and data relating to your Intelligent Office Franchise, and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Intelligent Office Franchises.

Franchise agreement

within ten days after the end of each of your fiscal quarters and within 90 days after the end of your fiscal year, a balance sheet and profit and loss statement for the Center that must include, if you are an entity, a balance sheet and profit and loss statement for the entity for that period (the quarterly…

Item 8

We are an approved supplier of our Equipment Package, although you may purchase these items from other approved sources.

Item 11

We currently have a franchise advisory council (“Council”) to advise us on advertising policies and other issues that we may request such as new products or services.

Item 8

We reserve the right to change the published standards on any approved supplier or any equipment, furniture, fixtures, products, supplies or services used, offered for sale or leased by franchisees on 30 days’ written notice to all franchisees and all approved suppliers.

Item 8

During our last fiscal year, we received $0 in revenue from franchisee purchases of goods, products and services, and other payments as otherwise described in this Item 8.

Item 8

We and our affiliates may receive payments from suppliers on account of their dealings with you and other franchisees.

Item 8

We estimate that the costs of your total purchases from designated or approved sources, or according to our standards and specifications, may range from 48% to 63% of the total cost of establishing your Center and from 20% to 35% of the total cost of operating your Center after that time.

Franchise agreement

If you desire to purchase or use an Item from suppliers we have not approved, you must, before purchasing from or otherwise using any supplier, give us a written request to approve the supplier and pay the then-current fee.

Item 8

If you want to use any unapproved material, fixture, equipment, furniture or sign, or purchase any items from any supplier that we have not approved and where we have not designated an exclusive source of supply, you must first obtain our approval by notifying us in writing

Franchise agreement

Franchisee hereby irrevocably assigns to IO or its designee the telephone number or numbers and listings, domain names and email addresses issued to Franchisee with respect to each and all of Franchisee’s Intelligent Office Centers.

Item 11

You must use an approved credit card and ACH processor, follow all PCI compliance requirements and credit card processing security requirements.

Item 11

We may conduct, as we deem advisable in our sole discretion, inspections of the premises and audits of the Center and your operations generally to ensure compliance with our System standards and specifications.

Franchise agreement

We reserve the right to revise the Operations Manuals from time to time as we deem necessary to update or change operating and/or marketing specifications.

Item 11

You must secure a Premises that we approve within 180 days of executing your Franchise Agreement for that Center, or we may terminate that Franchise Agreement.

Item 11

Except as approved in advance in writing by us, you must not establish or maintain a separate website, splash page, profile or other presence on the Internet, or otherwise advertise on the Internet or any other public computer network in connection with the Center, including any profile on Facebook®, SnapChat®…

Item 11

You are required to spend an Initial Marketing Spend of between $45,000 to $90,000 to promote and advertise the grand opening of your Center, which must be expended over the time period and in the manner, we designate or approve as part of your initial launch marketing plan.

Franchise agreement

You must spend during each month during the term, beginning on the Start Date, on local advertising (“Local Advertising Allocation”) based on your current occupancy rates for private offices.

Item 11

In addition to offering and accepting Intelligent Office gift cards and loyalty cards, you must use any credit card vendors and accept all credit cards and debit cards that we determine.

Franchise agreement

You must purchase all furniture, computers, telephone handsets, office equipment, telecommunications equipment, computer hardware and software, products, services, supplies and materials (“Items”) required for the operation of the Center from us, from our affiliates, or from suppliers we designate or approve.

Franchise agreement

You must purchase all furniture, computers, telephone handsets, office equipment, telecommunications equipment, computer hardware and software, products, services, supplies and materials (“Items”) required for the operation of the Center from us, from our affiliates, or from suppliers we designate or approve.

Item 11

You must use an approved credit card and ACH processor, follow all PCI compliance requirements and credit card processing security requirements.

Item 6

Payment of the Royalties, Marketing Fund Contributions (defined below in Item 11), and the Technology Fee must be made by electronic funds transfer that we initiate.

Item 11

In addition to offering and accepting Intelligent Office gift cards and loyalty cards, you must use any credit card vendors and accept all credit cards and debit cards that we determine.

Item 15

You are solely responsible for hiring, firing and supervising all of your employees, including your Coordinator and at least one Intelligent Assistant.

Franchise agreement

You must purchase all furniture, computers, telephone handsets, office equipment, telecommunications equipment, computer hardware and software, products, services, supplies and materials (“Items”) required for the operation of the Center from us, from our affiliates, or from suppliers we designate or approve.

Item 11

We (or our designee(s)) have the right to independently access the electronic information and data relating to your Intelligent Office Franchise, and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Intelligent Office Franchises.

Franchise agreement

You must comply with our requirements for timely entry of information into the CRM, periodic submission of reports the CRM generates and our full, unlimited access to, and downloading, copying or use of, all the CRM data and all accounting information.

Item 11

We may also require that you and your employees attend up to five (5) days of training that is designed to cure a given default or violation of your Franchise Agreement or failure to comply with the operational and other System standards and specifications stated in our Manuals as part of the actions you must…

Item 11

We may schedule and hold an annual conference, as we deem advisable in our sole discretion, to discuss the current state of the System, improvements to the System, hold discussion forums for System franchisees and recognize certain franchisees. In the event we schedule a conference, we may require you to attend for…