factual

Does Bombs Away Franchising have the right to request copies of contracts related to the Bombs Away business from the franchisee?

Bombs_Away Franchise · 2024 FDD

Answer from 2024 FDD Document

  • (d) Other Information.

Franchisee shall submit to Bombs Away Franchising such other financial statements, budgets, forecasts, reports, records, copies of contracts, documents related to litigation, tax returns, copies of governmental permits, and other documents and information related to the Business as specified in the Manual or that Bombs Away Franchising may reasonably request.

Source: Item 22 — CONTRACTS (FDD pages 35–36)

What This Means (2024 FDD)

According to Bombs Away's 2024 Franchise Disclosure Document, Bombs Away Franchising has the right to request copies of contracts related to the Bombs Away business from its franchisees. Bombs Away Franchising can request various documents and information related to the business, as specified in the manual or as they may reasonably request. These documents include financial statements, budgets, forecasts, reports, records, copies of contracts, documents related to litigation, tax returns, copies of governmental permits, and other information related to the Bombs Away business.

This means that as a Bombs Away franchisee, you must provide these documents to Bombs Away Franchising when requested. This obligation ensures that Bombs Away Franchising can monitor the franchisee's compliance with the franchise agreement and maintain the standards of the Bombs Away system.

It is important for prospective franchisees to understand this obligation and be prepared to maintain accurate records and provide them to Bombs Away Franchising in a timely manner. Failure to comply with such requests could potentially lead to breaches of the franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.