factual

What is the definition of 'Owner' according to the All Dogs Unleashed agreement?

All_Dogs_Unleashed Franchise · 2025 FDD

Answer from 2025 FDD Document

I own a beneficial interest in the Franchisee and would be considered an "Owner" within the definition contained in the Franchise Agreement.

Source: Item 23 — RECEIPTS (FDD pages 49–158)

What This Means (2025 FDD)

According to the 2025 All Dogs Unleashed Franchise Disclosure Document, an 'Owner' is defined as someone who owns a beneficial interest in the franchisee. This definition is relevant because certain obligations and restrictions apply to individuals considered Owners, particularly concerning confidentiality, non-compete agreements, and the transfer of ownership interests.

Specifically, the personal guaranty included in the franchise agreement stipulates that individuals who meet the definition of 'Owner' must comply with various provisions outlined in the agreement. These provisions cover aspects such as the use of All Dogs Unleashed's marks and copyrighted works, the handling of confidential information, and the conditions surrounding the transfer of ownership.

Furthermore, the agreement imposes certain restrictions on Owners both during their tenure and for a period of two years after they cease to be an Owner. These restrictions include prohibitions against diverting customers to competitors, engaging in competitive businesses, and soliciting employees of All Dogs Unleashed. These post-ownership restrictions apply within specific geographic areas, including the service area of the franchisee's business and those of other All Dogs Unleashed businesses.

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.