What is the deadline for a Bens Soft Pretzels franchisee to update the Data Sheet after a change in Owners?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
Your Owner(s) are identified on the Data Sheet. Every time there is a change in the persons who are your Owners, you must, within 10 days from the date of each such change, update the Data Sheet. As used in this Agreement, any reference to Owner includes all Owners.
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, a franchisee must update the Data Sheet within 10 days of any change in ownership. The Data Sheet identifies the Owners of the franchise. For corporations or LLCs, an Owner is anyone who directly or indirectly owns an interest in the franchisee. If the franchisee is a partnership, each general partner is considered an Owner. If the franchisee is one or more individuals, each individual is an Owner.
This requirement ensures that Bens Soft Pretzels always has current information about who controls and benefits from each franchise location. This is important for maintaining brand standards, ensuring compliance with the franchise agreement, and for communication purposes.
Failure to update the Data Sheet in a timely manner could potentially lead to a breach of the franchise agreement, as it is a requirement outlined in the contract. Therefore, Bens Soft Pretzels franchisees need to be diligent in reporting any changes in ownership within the specified timeframe to remain in good standing with the franchisor.