factual

What is the sole purpose for which the Deck Medic Advertising Cooperative fees can be used?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

Unless otherwise authorized and approved by Franchisor in writing, each Advertising Cooperative shall be organized for the exclusive purpose of administering marketing programs and the development of media (all subject to the review and approval of Franchisor) for use by members of the Advertising Cooperative in local or regional marketing;

The Advertising Cooperative shall be operated solely for the purpose of collection and expenditure of the Advertising Cooperative's fees for the purpose set forth in this Article 9.C.;

Source: Item 23 — RECEIPTS (FDD pages 43–228)

What This Means (2024 FDD)

According to Deck Medic's 2024 Franchise Disclosure Document, the Advertising Cooperative is established for the exclusive purpose of administering marketing programs and the development of media for use by cooperative members in local or regional marketing. All marketing programs and media development are subject to Deck Medic's review and approval. The fees collected by the Advertising Cooperative are used solely for the purpose as set forth in Article 9.C.

Franchisees are required to participate in and contribute to the Advertising Cooperative if their Deck Medic Business or Operating Territory is located within the geographic area of a designated cooperative. The amount of contribution is determined by the Advertising Cooperative, but it cannot exceed the franchisee's local minimum marketing obligations as outlined in Article 9.B of the agreement. Contributions to the Advertising Cooperative count toward satisfying the franchisee's minimum local marketing obligations.

Franchisees must submit statements and reports to both the Advertising Cooperative and Deck Medic as required. Deck Medic retains the right to establish foundational and organizational requirements for the Advertising Cooperative, including voting provisions. Deck Medic businesses owned by Deck Medic or its affiliates within the Advertising Cooperative's geographic area are not required to contribute to the cooperative.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.