What must All County franchisees and their owners do to reflect changes in the information contained in Appendix A?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.2.3. Appendix A to this Agreement will completely and accurately describe all of your owners and their interests in you;
- 5.2.4. Each of your owners, at any time during the Term of this Agreement, will execute an agreement in the form that we prescribe (see Appendix C to this Agreement) undertaking to be bound jointly and severally by all provisions of this Agreement and any ancillary agreements between you and us that bind you. You and your owners agree to execute and deliver to us such revised copies of Appendix A as may be necessary to reflect any changes in the information contained therein and to furnish such other information about your organization or information as we may request within five (5) days of change.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if the franchisee is a corporation, limited liability company, partnership, or other business entity, Appendix A to the Franchise Agreement must completely and accurately describe all of the owners and their interests in the franchisee entity. To reflect any changes to the information contained in Appendix A, the franchisee and their owners must execute and deliver revised copies of Appendix A to All County. They must also furnish any other information about their organization that All County requests. This must be done within five days of the change.
This means that All County franchisees operating under a business entity must keep the ownership information in Appendix A up-to-date. Any changes in ownership, such as the addition or removal of owners or changes in ownership percentages, must be promptly reported to All County. The franchisee and the owners are responsible for providing the updated information and executing revised copies of Appendix A to reflect these changes.
This requirement ensures that All County has current and accurate information about the ownership structure of its franchisees, which may be important for legal and operational reasons. The short five-day window to report changes emphasizes the importance of keeping this information current. Franchisees should establish internal procedures to track ownership changes and ensure timely reporting to All County to avoid any potential issues or breaches of the Franchise Agreement.