What is Exhibit B in the Carbones Pizzeria Franchise Agreement?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
- c. At the time this Agreement is executed by Franchisee, Franchisee shall complete the Statement of Ownership and Management attached hereto as Exhibit B, and, if Franchisee is a corporation, partnership, or limited liability company, each owner as of
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, Exhibit B of the franchise agreement is the Statement of Ownership and Management. Franchisees must complete this statement when the agreement is executed.
If the franchisee is a corporation, partnership, or limited liability company, each owner and their spouse must sign the franchisor's current Guaranty form, which is attached as Exhibit C. This requirement extends to any future owners and their spouses as well, ensuring that all individuals with a stake in the franchise are bound by the terms of the Guaranty.
Carbones Pizzeria requires franchisees to promptly inform them of any changes to the information provided in the Statement of Ownership and Management. Additionally, Carbones Pizzeria retains the right to request an updated statement from the franchisee at any time, allowing them to maintain current records of ownership and management structure.