Within the ten years immediately preceding the application for registration, has Belocal been convicted of or pleaded nolo contendere to a misdemeanor charge or been the subject of a civil action alleging violation of a franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations?
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 following information pertains to the franchisor, its predecessors, individuals identified in Item 2, or affiliates offering franchises under Belocal's principal trademark.
Specifically, no such party, within the ten years immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge. Additionally, they have not been the subject of a civil action alleging violation of a franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.
This statement provides reassurance to potential Belocal franchisees, indicating that the company and its associated parties have not faced legal issues related to unethical or illegal business practices in the recent past. This can be a significant factor in assessing the trustworthiness and stability of the franchise opportunity.