factual

By what day of each month must a Hydrodog franchisee submit their contribution to the cooperative?

Hydrodog Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (f) no later than the 15th day of each month, each member/franchisee must submit its contribution to the Cooperative, together with such other statements or reports as we or the Cooperative may require, with our prior written approval; and

Source: Item 23 — RECEIPTS (FDD pages 43–166)

What This Means (2025 FDD)

According to Hydrodog's 2025 Franchise Disclosure Document, if a regional advertising cooperative is established, franchisees must submit their contribution to the cooperative no later than the 15th day of each month. This contribution is in addition to any marketing fund fees. The franchisee must also submit any other statements or reports that Hydrodog or the cooperative may require, with Hydrodog's prior written approval.

This means that as a Hydrodog franchisee, you need to be prepared to make this payment by the 15th of each month. It is important to factor this ongoing expense into your monthly budget. The cooperative can determine the amount of the contribution, but it is subject to Hydrodog's approval.

It is also important to note that the cooperative may require additional statements or reports, so franchisees should maintain accurate records and be prepared to provide this information in a timely manner. Franchisees should stay informed about the specific requirements of their regional cooperative to ensure compliance and avoid any potential penalties or disruptions to their franchise operations.

This requirement is fairly standard in franchising, as advertising cooperatives are a common way for franchisees to pool resources and promote their businesses collectively. Franchisees should carefully review the cooperative's rules and regulations to understand their rights and obligations.

Disclaimer: This information is extracted from the 2025 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.