Who are the members of a Cinch I.T. Advertising Cooperative?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
tising Cooperatives to be formed, changed, dissolved or merged. If an Advertising Cooperative is established, We may designate a geographic area in which three or more Franchised Businesses are located as an area in which to establish an Advertising Cooperative. The Advertising Cooperative's members will include all CINCH I.T.
businesses operating in the geographic area, including Us and Our affiliates, if applicable. We may also require that You join an existing Advertising Cooperative operating in a geographic area encompassing or near Your Franchised Business. We will determine how any Advertising Cooperative is organized and governed, but the Advertising Cooperative's members are responsible for its administration and determination of contribution levels. All Advertising Cooperatives will be governed by written documentation generated and/or designated by Us.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the members of an Advertising Cooperative will include all Cinch I.T. businesses operating in the designated geographic area. This includes Cinch I.T. itself and its affiliates, if applicable. Cinch I.T. may also require a franchisee to join an existing Advertising Cooperative if their franchised business is located near the cooperative's operating area.
Cinch I.T. retains control over how the Advertising Cooperative is organized and governed. However, the cooperative's members are responsible for its administration and for determining the levels of contribution required from each member. All Advertising Cooperatives must adhere to written documentation provided or designated by Cinch I.T.
If an advertising cooperative is established, a franchisee's participation will be funded from their local advertising contribution. The specific terms of the cooperative advertising will be established by Cinch I.T. at the time the cooperative is formed. Funds contributed to an Advertising Cooperative cannot be used to solicit new franchise sales.