Materials Development definition
Examples of Materials Development in a sentence
CMME franchisees may make non-binding recommendations on use of the Marketing Materials Development Fund.
CMME will give preference to Marketing Materials Development Fund projects that are regional or national, but may make allocations of Marketing Materials Development Fund money to regional groups of franchisees or individual franchisees when it considers it desirable.
Marketing Materials Development Fund money will be accounted for separately on CMME's books and will be kept in CMME's general bank account.
The purpose of the Marketing Materials Development Fund is to pool marketing money of CMME and each of its franchisees so as to achieve greater benefits for all in promoting the Trade Name and MARKS.
Up to twenty percent (20%) of the Marketing Materials Development Fund money may be used to compensate CMME for overhead and other expenses incurred in connection with its administration of the Marketing Materials Development Fund.
On or before the tenth (10th) day of each month during the term of this Agreement, you must pay to us the Marketing Materials Development Fee, a monthly fee of one percent (1%) of the Gross Revenue of your COLOR ME MINE® Studio during the previous month.
You understand that the terms of the standard franchise agreement in use by CMME at the times of renewal may be materially different than those contained in this Agreement, including, but not limited to, increased Royalty and Marketing Materials Development Fees.
CMME will distribute to its franchisees, once a year, a Marketing Materials Development Fund report which will set out the total amounts of money collected and spent by the Marketing Materials Development Fund during the past year and list, by general category, the manner in which the money was spent.
In addition, the Marketing Materials Development Fund may be used to pay for point-of-purchase materials or public relations projects.
CMME will administer the Marketing Materials Development Fund consisting of money contributed under §6.3 of this Agreement.