Where can the Statement of Ownership and Management be found in the Carbones Pizzeria Franchise Agreement?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
rom the date of this Agreement. However, Franchisee may not commence operation of the Restaurant until Franchisee has satisfied all conditions set forth in this Agreement required to be satisfied by Franchisee prior to opening. If Franchisee fails to timely open the Restaurant, Franchisor may terminate this Agreement and retain all amounts Franchisee has paid to Franchisor or its affiliates.
- 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 Franc
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the Statement of Ownership and Management is attached to the Franchise Agreement as Exhibit B. Franchisees are required to complete this statement when the agreement is executed.
If the franchisee is a corporation, partnership, or limited liability company, each owner and their spouse at the time of signing, as well as any future owners and their spouses, must also sign Carbones Pizzeria's current Guaranty, which is attached as Exhibit C. This ensures that all individuals with a stake in the franchise are bound by the agreement's terms.
The franchisee must promptly inform Carbones Pizzeria of any changes to the information provided in the Statement of Ownership and Management. Additionally, Carbones Pizzeria can request an updated statement from the franchisee at any time, ensuring that the franchisor maintains current records of the franchise's ownership and management structure.