This agreement is to be made between various franchisees and a franchisor. The document states that the franchisees are in good standing with the franchisor and the franchisees believe it is in their best interest to contribute to a joint advertising effort. The franchisees agree to create, join, and contribute to a non-profit, non-stock corporation for the mutual benefit of all franchisees who own and operate "ABC" restaurants.
North Dakota Subscription Agreement for an Advertising Cooperative
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State:
Multi-State
Control #:
US-6-03-STP
Format:
Word;
Rich Text
Instant download
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How to fill out Subscription Agreement For An Advertising Cooperative?
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FAQ
A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
The purpose of a cooperative is to realize the economic, cultural and social needs of the organization's members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.
A cooperative, often called a co-op, is any association of members of a similar profession or industry that work together to process, prepare, market, handle products and supplies.
North Dakota law defines a cooperative as "an association..." incorporated by five or more adults, one of which must be a North Dakota resident. A cooperative is a business like any other business, but in some ways very unique.
The cooperative values serve as guidelines for all co-op organizations and their members. There are six main cooperative values: Self-help: Co-ops are geared towards creating a community where every member benefits equitably. To accomplish this ideal, members need to help themselves while also helping each other.
Cooperative advertising is when multiple brands collaborate together to form a mutually beneficial promotion. Usually manufacturers distributors or wholesalers offer retailers support for promoting their products.