What must a Carbones Pizzeria franchisee acknowledge regarding the Statement of Ownership and Management?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, a franchisee must acknowledge that the Statement of Ownership and Management applies to the M & T Pizza Incorporated Franchise Agreement. This means the franchisee understands that the ownership and management details provided are specifically tied to their franchise agreement with M & T Pizza Incorporated, which is the franchisor. This acknowledgment confirms the franchisee's understanding of the legal relationship and the entities involved.

Furthermore, the franchisee is obligated to immediately inform Carbones Pizzeria of any changes to the information contained within this statement. This ensures that the franchisor always has current and accurate details about the franchise's ownership and management structure. This is a standard practice in franchising, as the franchisor needs to know who is responsible for the franchise's operations and compliance.

Additionally, upon request from Carbones Pizzeria, the franchisee must complete an updated or new Statement of Ownership and Management. This updated statement must be executed by all owners of the franchise, along with a Guaranty. This requirement allows Carbones Pizzeria to periodically verify and update its records, ensuring that all owners are legally bound to the franchise agreement and its obligations. This is particularly important in cases where the franchisee is a corporation, LLC, or partnership, as it clarifies the responsibilities of each owner.