Does the Beggars Pizza franchisee acknowledge receiving a complete copy of the agreement and related attachments?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
may be executed in counterparts such that such counterparts when executed by the parties will constitute a single binding and executed Addendum.
IN WITNESS WHEREOF, the parties hereto have duly executed the Addendum on the date first above written.
a , BEGGARS PIZZA FRANCHISE, LLC, an Illinois limited liability company
EXHIBIT L
RECEIPTS
RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Beggars Pizza Franchise, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
If Beggars Pizza Franchise, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed on Exhibit E.
The agents listed in Exhibit F are authorized to receive service of process for Beggars Pizza Franchise, LLC. The following is the name, principal business address and telephone number of each franchise seller offering this franchise:
Laurance Garetto, 12949 South California Avenue, Blue Island, Illinois 60406, 708-239-1323 Raymond Cantelo, 12949 South California Avenue, Blue Island, Illinois 60406, 708-239-1323
Issuance Date: April 28, 2025 (see Exhibit K for state effective dates).
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the franchisee acknowledges receiving the disclosure document and its included exhibits. Specifically, Exhibit L provides a receipt that lists the exhibits included with the disclosure document. These exhibits cover various aspects of the franchise agreement, such as the table of contents of the manuals (Exhibit B), the franchise agreement itself (Exhibit C), the commissary agreement (Exhibit D), state administrators (Exhibit E), agents for service of process (Exhibit F), existing Beggars Pizza restaurants (Exhibit G), former franchisees (Exhibit H), Speedline Solutions, Inc. agreements (Exhibit I), a renewal addendum (Exhibit J), and state effective dates (Exhibit K).
This receipt confirms that Beggars Pizza provides potential franchisees with comprehensive documentation outlining the terms and conditions of the franchise agreement. By signing the receipt, the franchisee acknowledges they have received and, presumably, reviewed these critical documents. This is a standard practice in franchising, ensuring that franchisees are fully informed before entering into a binding agreement.
The inclusion of exhibits like the Franchise Agreement, Commissary Agreement, and Renewal Addendum are particularly important. These documents detail the legal obligations, operational requirements, and financial commitments of the franchisee. Exhibits listing existing restaurants and former franchisees can also provide valuable insights into the performance and history of the Beggars Pizza franchise system.
Prospective franchisees should carefully review all exhibits listed in the receipt and seek clarification from Beggars Pizza on any points of concern before signing the franchise agreement. It is also advisable to consult with an attorney or financial advisor to fully understand the implications of the agreement.