What agreements are included in the 'Renewal Ancillary Agreements' for a Cordova franchise?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Ancillary Agreements" means, individually and collectively, each and every agreement between: (a) Franchisor and Franchisee, but not including this Agreement; (b) Franchisor and each of Franchisee's Owners, whether individually and/or collectively; and (c) Franchisor and each Spouse of Franchisee's Owners, whether individually and/or collectively.
Without limitation to the foregoing, the term Ancillary Agreements includes the Franchise Owner and Spouse Agreement and Guaranty and the Assignment of Telephone Numbers and Digital Media Accounts, as said agreements, individually and/or collectively, may have been entered into between the foregoing parties.
Source: Item 23 — RECEIPTS (FDD pages 44–195)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, 'Ancillary Agreements' encompass every agreement between Cordova and the franchisee, Cordova and the franchisee's owners, and Cordova and the spouses of the franchisee's owners, excluding the primary franchise agreement itself. These agreements can be entered into individually or collectively.
Specifically, the Ancillary Agreements include the Franchise Owner and Spouse Agreement and Guaranty, along with the Assignment of Telephone Numbers and Digital Media Accounts. These ancillary agreements are critical because they outline additional obligations and guarantees provided by the franchisee, their owners, and their spouses, ensuring that all parties are aligned and committed to the success and compliance of the franchise.
Prospective franchisees should carefully review these ancillary agreements with their legal counsel to fully understand their obligations and potential liabilities beyond the main franchise agreement. Understanding the scope and implications of these agreements is essential for making an informed decision about investing in a Cordova franchise.