Is there a Statement of Ownership exhibit included in the Augusta Lawn Care Franchise Agreement?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 22 CONTRACTS
A copy of the Augusta Lawn Care Franchise Agreement is included as Exhibit A to this Franchise Disclosure Document, and includes the following exhibits:
The Franchise Agreement and the following exhibits:
Exhibit A – Franchise Data Sheet Exhibit B – Statement of Ownership Exhibit C – Principal Owner's Guaranty Exhibit D – Sample Release Agreement, Waiver and Release of Claims Exhibit E – Nondisclosure, Nonsolicitation and Noncompetition Agreement Exhibit F – Sample Confidentiality Agreement
Exhibit G – Sample Approval of Requested Assignment
Exhibit H – SBA Addendum
Source: Item 22 — CONTRACTS (FDD pages 43–44)
What This Means (2025 FDD)
According to the 2025 Augusta Lawn Care Franchise Disclosure Document, the Augusta Lawn Care Franchise Agreement includes a Statement of Ownership exhibit. Specifically, Exhibit B to the Augusta Lawn Care Franchise Agreement is titled "Statement of Ownership."
This means that prospective Augusta Lawn Care franchisees will be required to complete and submit a document detailing the ownership structure of their franchise entity. This is a standard practice in franchising, as franchisors need to understand who controls and benefits from the franchise.
The Statement of Ownership helps Augusta Lawn Care ensure compliance with the franchise agreement and assess any potential conflicts of interest. It also provides clarity regarding who is responsible for the franchise's obligations. Franchisees should carefully complete this exhibit, ensuring all information is accurate and up-to-date.