Where in the Cordova Franchise Agreement can I find the definition of 'Advertising Cooperative'?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
- "Advertising Cooperative" shall have the meaning defined and set forth in Article 9.C. of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 44–195)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the definition of "Advertising Cooperative" is found in Article 9.C. of the Franchise Agreement. The document specifies that "Advertising Cooperative" shall have the meaning defined and set forth in that specific article of the agreement.
Article 9.C. discusses Cordova's right to authorize, establish, designate, and de-authorize local or regional advertising cooperatives. If a franchisee's Cordova Business or Operating Territory falls within the geographic area of an Advertising Cooperative, the franchisee is obligated to participate in and contribute to it.
This section further outlines the franchisor's authority to establish foundational and organizational requirements for the Advertising Cooperative, including voting provisions. These provisions allow the Advertising Cooperative to make decisions based on a simple majority vote, with one vote per franchisee Cordova Business located within the designated area, and a quorum of 25% of those franchisees within the Advertising Cooperative. The advertising cooperative is organized for the exclusive purpose of administering marketing programs and the development of media, all subject to the franchisor's review and approval.