# Program agreement

A term used when buying martial arts studio.

A student's long-term contract, usually billed by an outside company that holds the paper.

The contract book is most of what is being sold, and it usually sits with a billing company that advances against it, charges a fee, and has its own view on whether the agreements transfer. Ask how many are in force with months remaining on each, what the billing company's contract says about a change of owner, and what the collection rate has been, because a signed agreement and a paid one are not the same number.

Part of: Buying a Martial Arts Studio (https://searchspheresource.com/guides/buying-a-martial-arts-studio)

Source: https://searchspheresource.com/guides/buying-a-martial-arts-studio/terms/program-agreement
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt