What is the 'Brand Development Fund Fee' for a Cordova franchise defined as?

According to Cordova's 2025 Franchise Disclosure Document, the "Brand Development Fund Fee" is defined by and set forth in Article 9.A. of the franchise agreement. This means that the specific details regarding the Brand Development Fund Fee, such as the amount, payment schedule, and usage, are outlined in that particular section of the agreement.

As a prospective franchisee, it is crucial to carefully review Article 9.A. to understand your obligations regarding this fee. This includes understanding how the fee is calculated (e.g., as a percentage of gross sales), when it is due, and the methods of payment accepted by Cordova. Additionally, you should understand how the funds are used, as detailed in other parts of the FDD.

Understanding the Brand Development Fund Fee is essential for assessing the overall cost of operating a Cordova franchise and for making informed financial projections. You should also consider how the franchisor's management and use of the fund align with your business goals and expectations for brand support.