In New York, does Better Blend have any pending criminal actions alleging embezzlement?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Except as provided above, with regard 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.
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Item 23 includes a New York addendum that modifies Item 3 of the FDD. Specifically, it states that, except as provided elsewhere, no one associated with Better Blend, including the franchisor, its predecessors, individuals identified in Item 2, or affiliates offering franchises under the Better Blend trademark, has any pending administrative, criminal, or civil actions alleging embezzlement. This statement applies unless exceptions are noted elsewhere in the document.
This means that, as of the FDD's effective date, Better Blend is asserting that no such actions are pending against its leadership or affiliates. This is a standard disclosure in franchise documents, intended to provide transparency to potential franchisees about the legal standing of the franchisor and its key personnel. The addendum explicitly calls out that this applies to those offering franchises under the Better Blend trademark.
It is important for a prospective franchisee to carefully review Item 3 and any related exhibits in the FDD to identify any disclosed exceptions to this general statement. Furthermore, a potential franchisee should consider independently verifying this information through their own legal counsel as part of their due diligence process before investing in a Better Blend franchise.