What must a Carbones Pizzeria franchisee complete at the time the Franchise Agreement is executed?
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
the date hereof along with their spouse, as well as any future owners and their spouses, must sign Franchisor's then-current Guaranty at the time such individual becomes an owner of Franchisee, the current form of which is attached hereto as Exhibit C. Franchisee shall immediately notify Franchisor of any change in any of the information in the Statement of Ownership and Management last submitted to Franchisor. Further, upon request of Franchisor, Franchisee shall provide Franchisor with an updated Statement of Ownership and Management.
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, upon executing the Franchise Agreement, a franchisee must complete the Statement of Ownership and Management. This statement is attached to the agreement as Exhibit B.
If the franchisee is a corporation, partnership, or limited liability company, each owner as of the date of the agreement, along with their spouse, must sign Carbones Pizzeria's then-current Guaranty. This also applies to any future owners and their spouses, who must sign the Guaranty at the time they become an owner. The current form of the Guaranty is attached as Exhibit C.
The franchisee is obligated to immediately inform Carbones Pizzeria of any changes to the information provided in the Statement of Ownership and Management. Additionally, the franchisee must provide Carbones Pizzeria with an updated statement upon request.