Where can I find the definition of 'Advertising Cooperative' within the Casiola franchise agreement?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
"Advertising Contributions" means any and all obligations of Franchisee to contribute to and/or pay fees to Franchisor or Franchisor's affiliate or designees as set forth in this Agreement including, but not limited to, the Brand Development Fund Fees set forth in Article 9.A. of this Agreement and Advertising Cooperative contributions and contributions set forth in Article 9.C. of this Agreement.
"Advertising Cooperative" shall have the meaning defined and set forth in Article 9.C. of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 47–209)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the definition of "Advertising Cooperative" is found in Article 9.C. of the Franchise Agreement. Specifically, the FDD states that the term "Advertising Cooperative" shall have the meaning defined and set forth in Article 9.C. of the Agreement.
Article 9.C. itself provides further details regarding Advertising Cooperatives. It states that Casiola has the right to authorize, establish, designate, and de-authorize local or regional advertising cooperatives within designated markets. If a franchisee's Casiola Business or Operating Market is located within the geographic area of an Advertising Cooperative, the franchisee must participate in and contribute to it.
This means that as a prospective franchisee, you should carefully review Article 9.C. of the Casiola Franchise Agreement to fully understand the definition, requirements, and obligations related to Advertising Cooperatives. This includes understanding Casiola's rights regarding these cooperatives and your responsibilities to participate and contribute if your business is located within a designated area.