Where in the Dryer Vent Squad franchise agreement can I find the definition of 'Brand Development Fund'?

According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the definition of 'Brand Development Fund' is located in Article 9.A of the franchise agreement. The document also states that the 'Brand Development Fund Fee' is also defined in Article 9.A of the agreement. This means that prospective franchisees can refer to this specific section within the franchise agreement to understand the precise meaning and scope of the Brand Development Fund and the associated fees.

The Brand Development Fund is further detailed in Article 9.A, outlining how Dryer Vent Squad may use the fund to promote and benefit Dryer Vent Squad businesses. It also states that the franchisee's obligation to contribute to the fund is not reduced or eliminated if the franchisee does not directly benefit from it. Additionally, the failure of other franchisees to contribute does not release any franchisee from their obligations.

Dryer Vent Squad retains significant control over the Brand Development Fund, including the right to establish a council for guidance on its administration and marketing matters. The funds are not required to be segregated from other assets and may be used at the discretion of Dryer Vent Squad, potentially across different types of Dryer Vent Squad businesses or geographic areas. Franchisees should be aware that Dryer Vent Squad does not guarantee proportional benefits from the fund based on individual contributions or location.