What constitutes 'Control' or 'Controlling Interest' in the context of a Card My Yard franchise?

According to Card My Yard's 2025 Franchise Disclosure Document, 'Control' or 'Controlling Interest' within the context of the franchise means possessing the power to direct or influence the management and policies of an entity. This influence can be exerted directly or indirectly.

This control can be achieved through various means, including ownership of voting securities, contractual agreements, or other arrangements that grant the power to dictate the direction of the entity. For a prospective Card My Yard franchisee, this definition is important because it clarifies who has the authority to make decisions for the business and ensures that the franchisor maintains standards across all franchise locations.

The definition is broad, encompassing not only direct ownership but also indirect influence through contracts or other means. This is a common definition in franchise agreements, as it allows the franchisor to maintain standards and protect the brand's reputation. Franchisees should be aware of this definition and how it applies to their specific situation, especially if they plan to bring in partners or investors.