Who must sign the Affidavit of Ownership on behalf of the Bojangles franchisee entity?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
- C. Franchisee shall designate an individual to serve as Franchisee's "Managing Owner", subject to the following conditions:
- (1) The Managing Owner shall own a majority equity interest in Franchisee during the entire period s/he serves as Managing Owner. If Franchisee does not have an owner with a majority equity interest, the Managing Owner shall own the next highest percentage equity interest in Franchisee during the entire period s/he serves as Managing Owner;
- (2) The Managing Owner will be the person with whom Franchisor will communicate and will have the authority to bind Franchisee with respect to all financial, operational and legal matters related to the Franchised Business and this Agreement. The Managing Owner may also serve as Franchisee's Designated Operator as defined below provided that the Managing Owner meets the criteria for both positions independently;
- (3) The Managing Owner must attend and successfully complete, to Franchisor's satisfaction, the initial training program offered by Franchisor;
- (4) The Managing Owner shall execute this Agreement, and shall be individually
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the franchisee must designate a "Managing Owner" who will execute the Franchise Agreement. The Managing Owner is the individual with whom Bojangles will communicate and who has the authority to bind the franchisee on all financial, operational, and legal matters.
To qualify as the Managing Owner, the designated individual must own a majority equity interest in the franchisee entity. If no owner holds a majority stake, the individual with the next highest percentage of equity ownership can serve as Managing Owner. This ensures that the person in charge has a significant stake in the business.
Furthermore, the Managing Owner is required to attend and successfully complete Bojangles's initial training program. This training is essential to ensure the Managing Owner is well-versed in the brand's operational standards and procedures. By requiring the Managing Owner to sign the agreement and complete training, Bojangles aims to ensure a responsible and informed leadership for each franchise location.