What is the Carbones Pizzeria franchisee's obligation regarding the provision of an updated Statement of Ownership and Management upon request of Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
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, a franchisee has specific obligations regarding the Statement of Ownership and Management. The franchisee must immediately inform Carbones Pizzeria of any changes to the information contained within this statement.
Furthermore, upon request from Carbones Pizzeria, the franchisee is required to complete an updated or new Statement of Ownership and Management. This updated statement must include a guaranty executed by all owners of the franchise.
This requirement ensures that Carbones Pizzeria maintains current and accurate records of the franchise's ownership and management structure. This is a fairly standard practice in franchising, allowing the franchisor to keep track of who is responsible for the operations and compliance of each franchise location.