What does Attachment B to the Beverly Anns Cookie Franchise Agreement describe?

According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, Attachment B to the Franchise Agreement is a statement of ownership. Specifically, the franchisee must certify that "Attachment B to this Franchise Agreement completely and accurately describes all of your Owners and their interests in you as of the Effective Date."

This attachment is crucial because it identifies all individuals or entities with an ownership stake in the franchise. Beverly Anns Cookie requires this information to ensure transparency and to understand who is responsible for the franchise's obligations. Furthermore, the franchisee must provide a revised Attachment B to reflect any permitted changes in the ownership information, ensuring the franchisor always has up-to-date records.

For a prospective franchisee, this means carefully documenting and disclosing all owners and their respective interests from the outset. Any changes to ownership must be reported and reflected in a revised attachment. Failure to accurately disclose or update this information could potentially lead to breaches of the Franchise Agreement.

Beverly Anns Cookie also requires that the franchisee's company documents, such as articles of incorporation, include a statement that the Franchise Agreement restricts the issuance and transfer of any ownership interests. This is a common practice in franchising to maintain control over who becomes involved in the franchise system and to ensure that all owners are aware of and bound by the terms of the Franchise Agreement.