What is the definition of 'Controlling Interest' in relation to a Bumper Man franchise?

According to the 2025 Bumper Man Franchise Disclosure Document, the term "Affiliate" is defined in relation to "Controlling Interest". Specifically, an Affiliate is any person controlled by, controlling, or under common control with a named person. However, the FDD does not explicitly define "Controlling Interest" itself.

This lack of a clear definition for "Controlling Interest" could create ambiguity for a prospective Bumper Man franchisee. For example, it's not clear what percentage of ownership or what specific decision-making powers would constitute a "Controlling Interest." This could become relevant in situations involving transfer of ownership, the death or disability of a principal, or potential conflicts of interest.

Therefore, it is crucial for a potential Bumper Man franchisee to seek clarification from the franchisor regarding the precise meaning of "Controlling Interest." Understanding this term is essential for navigating various aspects of the franchise agreement and ensuring compliance with its terms.