What is the quorum requirement for a Deck Medic Advertising Cooperative to make decisions?

According to Deck Medic's 2024 Franchise Disclosure Document, a quorum of 25% of the franchisees within the Advertising Cooperative is required to make decisions. Each franchisee Deck Medic Business located within the designated area of the Advertising Cooperative has one vote, and decisions are made based on a simple majority vote.

This means that for any vote to be valid within the cooperative, at least 25% of the franchisees in that cooperative must be present or accounted for. This ensures that a small minority of franchisees cannot make decisions binding on the entire group. The simple majority vote requirement means that more than 50% of those present and voting must agree on a matter for it to pass.

This structure aims to balance the need for efficient decision-making with the need to represent the interests of a significant portion of the franchisees. However, franchisees should be aware that if participation is low, a small number of participants could still control the outcome of votes. Franchisees should actively participate in cooperative meetings and discussions to ensure their voice is heard.

It is also important to note that the Deck Medic franchisor retains significant control over the Advertising Cooperative. The franchisor has the right to authorize, establish, designate, and de-authorize advertising cooperatives. Furthermore, all marketing programs and media developed by the cooperative are subject to the franchisor's review and approval. This ensures that all advertising aligns with the Deck Medic brand standards and marketing strategy.