LMS Franchising

Franchise agreement

At all times, Franchisee shall provide and permit Franchisor to maintain direct and independent access to the Business Management System and the Business Management System Data and to duplicate and evaluate the data;

Franchise agreement

within 30 days of the end of each calendar month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised business

Item 8

Our affiliate Mason MedStat Media, LLC is currently designated as an approved supplier of the curriculum, program packages, instructor kits, and other System Supplies.

Franchise agreement

Franchisor, in Franchisor’s Reasonable Business Judgment, may from time to time modify the list of approved brands, suppliers and distributors of System Supplies and approved equipment, supplies and services to be utilized by the Franchised Business

Item 8

During the fiscal year ending December 31, 2023, our affiliate Mason MedStat Media, LLC earned $306,989.79 in revenue from franchisee purchases.

Item 8

We and/or our affiliates may receive rebates, payments and other material benefits from suppliers based on your purchases and we reserve the right to institute and expand rebate programs in the future.

Item 8

approximately 60% to 75% of the on-going operating expenses of the Franchised Business.

Item 8

We may charge you a fee equal to the costs and expenses that we incur in reviewing and evaluating an alternate supplier, product, and/or service requested by you.

Item 8

If you want to purchase or lease a source restricted item from a supplier that has not been previously approved or designated by us in writing, you must send us a written request for approval and submit additional information, samples, and testing data that we may request.

Franchise agreement

In the event of the termination of this Agreement, for any reason, that the accounts related to all telephone numbers associated with the Franchised Business and all rights in and to the telephone numbers associated with the Franchised Business, shall, at Franchisor’s election, be transferred to Franchisor.

Franchise agreement

Franchisor has the right at any and all times during business hours, throughout the terms of this Agreement and without prior notice to Franchisee, to inspect Third Party Sites utilized by Franchisee, Franchisee’s Administrative Office, and Franchisee’s Center.

Item 11

At all times, we reserve the right to supplement, modify and update the Manuals.

Item 11

Before you enter into a lease or other agreement for your Center you must obtain our approval.

Item 11

You may not use any websites, web-based media or digital media unless expressly approved by us in writing.

Item 7

You must spend a minimum we designate of up to $5,000 prior to the opening your Little Medical School Business to promote your grand opening.

Franchise agreement

customer service and satisfaction standards including, customer rewards programs, refund policies, gift card policies, special promotions

Franchise agreement

If Franchisee’s Little Medical School Business or Designated Territory is located within the geographic area of an Advertising Cooperative, franchisee must participate in and contribute to the Advertising Cooperative.

Franchise agreement

exclusively purchase all System Supplies, including, but not limited to, merchandise, inventory, and supplies, from Franchisor or Franchisor’s designated suppliers

Item 8

You may only use those products, supplies, equipment, technology systems, and services that we authorize and designate in writing.

Item 8

You must use our designated supplier and vendor for credit card processing which may be integrated with the business management system that we designate.

Item 6

ITEM 6 OTHER FEES Type of Fee Amount Due Date Remarks (Note 1) Royalty (Notes 2 and 3) 8% of Gross Sales, Monthly on the 5th Will be debited automatically from but subject to of each month for your bank account by ACH or other Minimum Monthly the preceding means designated by us.

Item 8

You must use our designated supplier and vendor for the ability to access and use online, business management integrated, web based, and/or app based, ordering, customer rewards, and/or gift card systems.

Item 15

At all times, your Little Medical School Business must be managed and supervised on-site by either a Managing Owner or Operating Manager.

Item 11

you must ensure that all employees wear and maintain the proper uniforms with our approved System branded apparel and uniforms including, but not limited to, the apparel and uniforms comprising System Supplies.

Franchise agreement

(d) exclusively purchase and use equipment, supplies, promotional materials, point of sale systems and Business Management Systems designated by Franchisor and subject to Franchisor’s specifications;

Item 11

We will have independent access to all of the information and data that is electronically transmitted on your business management system and will have access to all data related to the financial performance of your Little Medical School Business.

Franchise agreement

“Business Management System” refers to and means the software, internet, web based and/or cloud based system or systems, point of sale system or systems and customer relationship management system or systems as same may be individually, or collectively, designated by Franchisor, in Franchisor’s Reasonable Business…

Franchise agreement

Franchisor reserves the right to assess Franchisee reasonable charges for such training.

Item 6

If we offer a franchisee annual conference in a given year you will be required to attend the conference on the dates and at the location that we designate.