Has Belocal been convicted of a felony or pleaded nolo contendere to a felony charge?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
ng is to be added at the end of Item 3:
Except as provided above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A. No such party has an administrative, criminal, or civil action pending against that person alleging: a felony, a violation of a franchise, antitrust, or securities law, fraud, embezzlement, fraudulent conversion, misappropriation of property, unfair or deceptive practices, or comparable civil or misdemeanor allegations.
- B.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the franchisor, its predecessors, individuals identified in Item 2, or affiliates offering franchises under Belocal's principal trademark, have not been convicted of a felony or pleaded nolo contendere to a felony charge. Furthermore, within the ten years preceding the application for registration, they have not been convicted of or pleaded nolo contendere to a misdemeanor charge, nor have they been subject to a civil action alleging violations of franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.
This statement provides assurance to potential Belocal franchisees that the company's leadership and its related entities have a clean legal record regarding serious criminal and civil offenses. This is a standard disclosure in franchise agreements, intended to build trust and transparency between the franchisor and franchisee.
It is important to note that this disclosure only covers the specified parties (the franchisor, its predecessors, certain individuals, and affiliates). A prospective franchisee may still want to conduct their own due diligence to assess any other potential risks or legal issues associated with the franchise.