How does Advanced Mobile Iv And Amiv administer the Regional Advertising Fund?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
We will promptly notify you and our other franchisees of the establishment, modification, and geographical boundaries of regional advertising regions. We may require all franchisees located within each advertising region to meet periodically for the purpose of creating and establishing regional advertising programs. Each franchise and each operation we or our affiliates own and operate will be entitled to one vote at these meetings. For the purpose of this subsection, each operation we own will be deemed to be a franchise.
If at any meeting of the franchisees in an advertising region, 65 percent of the franchisees vote to contribute to a regional advertising program, all franchisees within that region will be obligated to make a contribution to a regional advertising fund in the amount established by the vote (the "Regional Advertising Fund"). No advertising region may require any franchisee in that region to make a contribution to a Regional Advertising Fund in excess of 1 percent of that franchisee's Gross Sales. We will have the right to approve or disapprove the content of all advertising and no advertising or promotional plans or materials may be used or furnished without first obtaining our approval.
If advertising region members are unable or fail to resolve any issue affecting establishment or effective functioning, upon the written request of any member franchisee, that issue will have been submitted to us for consideration and our resolution of that issue will final and binding on all advertising region members.
20 – ADVANCED MOBILE IV FRANCHISE AGREEMENT
We will administer each Regional Advertising Fund in the same manner and upon the same terms and conditions as the Marketing Fees outlined above.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the Regional Advertising Fund is administered in the same manner and under the same terms and conditions as the Marketing Fees.
Advanced Mobile Iv And Amiv will notify franchisees of the establishment, modification, and geographical boundaries of regional advertising regions. Franchisees may be required to meet periodically to create regional advertising programs. Each franchise operation, including those owned by Advanced Mobile Iv And Amiv or its affiliates, has one vote at these meetings.
If 65% of the franchisees in a region vote to contribute to a regional advertising program, all franchisees in that region are obligated to contribute to the Regional Advertising Fund. The contribution cannot exceed 1% of the franchisee's Gross Sales. Advanced Mobile Iv And Amiv has the right to approve or disapprove the content of all advertising, and no advertising or promotional plans can be used without their approval. If the advertising region members cannot resolve an issue, Advanced Mobile Iv And Amiv's resolution is final and binding.