factual

Where is the definition of the 'Brand Development Fund' found within the Mrcool Franchise Agreement?

Mrcool Franchise · 2025 FDD

Answer from 2025 FDD Document

  • "Brand Development Fund" shall have the meaning defined and set forth in Article 9.A. of this Agreement.

  • "Brand Development Fund Fee" shall have the meaning defined and set forth in Article 9.A. of this Agreement.

Source: Item 23 — RECEIPTS (FDD pages 55–263)

What This Means (2025 FDD)

According to Mrcool's 2025 Franchise Disclosure Document, the definition of the 'Brand Development Fund' is located in Article 9.A of the Franchise Agreement. Specifically, the term "Brand Development Fund" shall have the meaning defined and set forth in Article 9.A of the agreement.

This means that prospective Mrcool franchisees need to refer to Article 9.A within their Franchise Agreement to understand the complete definition, purpose, and stipulations related to the Brand Development Fund. This fund is crucial as it supports advertising, marketing, and the overall development of the Mrcool brand.

It is important for franchisees to carefully review Article 9.A to fully understand how the fund operates, what it covers, and their obligations regarding contributions. Understanding this section will help franchisees grasp how their contributions are utilized and what benefits they can expect from the Brand Development Fund's activities.

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.
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