What agreements are included as schedules to the Cordova Franchise Agreement?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
[SIGNATURE PAGE TO FOLLOW]
IN WITNESS WHEREOF, the parties have executed, sealed and delivered this Agreement as of the Effective Date set forth in the first paragraph of this Agreement.
Franchisor: Cordova Franchising, LLC Name and Title (please print) Name (please print) Dated Dated Name (please print) Dated
FRANCHISE AGREEMENT Schedule 1
Operating Territory Location and Designated Territory Acknowledgment
| Pursuant to the Franchise Agreement dated, 20 by and between Cordova Franchising, LLC, as Franchisor, and, as Franchisee (the "Franchise Agreement"), Franchisor and Franchisee agree: |
|---|
| (a) Franchisee's Operating Territory Location |
| – |
| "Franchisee's Operating Territory Location," |
| as such |
| term is defined in the Franchise Agreement, including, but not limited to Articles 1 |
| and 2.A., is identified, |
| as follows: |
| [To be Effective this Schedule Must be Completed and Signed by Franchisor. If not completed and signed at |
| time of signing Franchise Agreement, may be completed in the future pursuant to the terms of the Franchise |
| Agreement.] |
| (b) Franchisee's Designated Territory |
| – |
| Franchisee's "Designated Territory," |
| as such term is defined in |
| the Franchise Agreement, including, but not limited to Articles 1 |
| and 2.A., is designated as follows: |
| [To be Effective this Schedule Must be Completed and Signed by Franchisor. If not completed and signed at |
| time of signing Franchise Agreement, may be completed in the future pursuant to the terms of the Franchise |
| Agreement.] |
| If there is any inconsistency or conflict between the terms of this Acknowledgment and the Franchise |
| Agreement, the Franchise Agreement shall take precedence and govern. |
| Dated: |
| [SIGNATURE PAGE TO FOLLOW] |
Franchisor: Cordova Franchising, LLC Name and Title (please print) Name (please print) Name (please print)
FRANCHISE AGREEMENT Schedule 2
Statement of Franchisee's Owners
Franchisee represents that the following schedule is complete and accurately identifies Franchisee's Owners, Franchisee's Managing Owner, and their respective ownership interests in Franchisee. Defined terms shall have the meanings set forth in the Franchise Agreement between Franchisor and Franchisee.
Owner Name Owner Address Ownership Interest Percentage Name of designated Managing Owner: Cordova Franchising, LLC Name and Title (please print) Name (please print) Name (please print)
Franchise Agreement Exhibit 1 Owner and Spouse Agreement and Guaranty
OWNER AND SPOUSE AGREEMENT AND GUARANTY
This Franchise Owner and Spouse Agreement and Individual Guaranty (the "Agreement") is individually entered into by you as either an owner of ____________________________ (hereinafter referred to as "Franchisee"), Franchisee, or the spouse of the owner of franchisee and is given and signed by you in favor of Cordova Franchising, LLC, franchisor of the Cordova franchise system and in favor of Cordova Franchising, LLC's successors and assigns, upon the terms and conditions set forth in this Agreement. In this Agreement Cordova Franchising, LLC is referred to as "us", "our" or "we", and each individual that signs this Agreement is referred to as "you".
Recitals and Representations
WHEREAS, Franchisee has entered into a Cordova Franchise Agreement (the "Franchise Agreement") for the development and operation of a Cordova business (the "Franchised Business" or "Cordova Business") that offers and provides IT staffing solutions, executive placement, software consulting, and related services and products (the "Approved Services and Products") under the Licensed Marks (defined below);
WHEREAS, you represent that you have received and have thoroughly reviewed the completed Franchise Agreement, including schedules and exhibits attached to the Franchise Agreement;
WHEREAS, we have recommended that you thoroughly review the Franchise Agreement, this Agreement and all schedules and exhibits to the Franchise Agreement with a lawyer selected and hired by you;
WHEREAS, you represent to us that you are either: (a) an Owner of Franchisee such that you own or control a legal, equitable or beneficial ownership or equity interest in Franchisee and/or otherwise meet the definition of an "Owner" as set forth in this Agreement; and/or (b) the "Spouse" of an Owner of Franchisee;
WHEREAS, you acknowledge that this Agreement will apply to you individually, jointly and severally with all others who sign this Agreement (including if this Agreement is signed in counterparts or electronically among other Owners and Spouses);
WHEREAS, you acknowledge that this Agreement, among other things, personally obligates you to guarantee Franchisee's obligations to us and obligates you to brand protection, confidentiality and noncompetition restrictions and covenants and that you enter into this Agreement to induce us to enter into the Franchise Agreement with Franchisee; and
WHEREAS, you acknowledge that we are relying on this Agreement and that without this Agreement we would not have entered into and/or would not be simultaneously entering into the Franchise Agreement with Franchisee.
NOW THEREFORE, to induce us to enter into the Franchise Agreement and as consideration to us for entering into the Franchisee Agreement with Franchisee and other consideration, the receipt and sufficiency of which you acknowledge, you agree as follows:
**1.
Source: Item 22 — CONTRACTS (FDD page 44)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, several schedules and exhibits are attached to the Franchise Agreement. These include Schedule 1, which pertains to the Franchisee's Operating Territory Location and Designated Territory. This schedule requires completion and signature by the franchisor to be effective and may be completed in the future according to the Franchise Agreement terms. Schedule 2 requires a statement of the Franchisee's Owners, detailing their names, addresses, and ownership interest percentages, along with the designated Managing Owner.
Exhibit 1 consists of the Owner and Spouse Agreement and Guaranty, which is an agreement individually entered into by the franchisee owner or their spouse in favor of Cordova Franchising, LLC. This agreement outlines the terms and conditions under which the owner or spouse guarantees the franchisee's obligations to Cordova. Exhibit 3 is the Assignment of Telephone Numbers and Digital Media Accounts, which assigns the franchisee's telephone numbers and digital media accounts to Cordova Franchising, LLC.
These schedules and exhibits are crucial components of the Cordova Franchise Agreement, defining key aspects such as territory rights, ownership details, and obligations of the franchisee and related parties. Prospective franchisees should carefully review these documents to fully understand their rights, responsibilities, and the franchisor's rights related to territory, business operation, and digital presence. Understanding these components is essential for a successful franchise relationship.