What is the Carbones Pizzeria franchisee's obligation regarding the notification of any change in any of the information in the Statement of Ownership and Management?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee acknowledges that this Statement of Ownership and Management applies to the M & T Pizza Incorporated Franchise Agreement. Franchisee shall immediately notify Franchisor upon any change in the information contained in this Statement of Ownership and Management, and upon request of Franchisor, complete an updated or new Statement of Ownership and Management and Guaranty executed by all owners of Franchisee.
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the franchisee must immediately notify Carbones Pizzeria of any changes to the information provided in the Statement of Ownership and Management.
Furthermore, upon request from Carbones Pizzeria, the franchisee is obligated to complete an updated or new Statement of Ownership and Management. This updated statement must be executed by all owners of the Carbones Pizzeria franchise.
This requirement ensures that Carbones Pizzeria maintains current and accurate records of the franchise ownership and management structure. This is a fairly standard practice in franchising, as the franchisor needs to know who is operating and managing each location for legal and operational reasons.