What is the main purpose of Exhibit A in the Bumper Man FDD?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
IN WITNESS WHEREOF, the Parties hereto have executed and delivered this Franchise Agreement as of the Effective Date.
BUMPER MAN, INC. []
EXHIBIT A TO FRANCHISE AGREEMENT
ORGANIZATIONAL AND OWNERSHIP INFORMATION
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Exhibit A to the Franchise Agreement serves to outline the organizational and ownership information required by Bumper Man. This exhibit likely requires prospective franchisees to disclose details about their business structure, ownership percentages, and the identities of the individuals or entities involved.
For a potential Bumper Man franchisee, this means they will need to provide comprehensive information about their business's legal structure, whether it's a sole proprietorship, partnership, LLC, or corporation. They will also need to disclose the identities and ownership percentages of all owners, partners, members, or shareholders. This information helps Bumper Man assess the stability, experience, and financial resources of the franchise owner.
It is important for prospective franchisees to carefully and accurately complete Exhibit A, as any misrepresentation or omission could potentially lead to issues with the franchise agreement or even its termination. Franchisees should consult with legal and financial professionals to ensure they fully understand the requirements of Exhibit A and provide accurate and complete information to Bumper Man.