What governing documents must a partnership Chicken Guy franchisee furnish to Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee is a partnership, copies of Franchisee's written partnership agreement, other governing documents and any amendments, as well as all agreements, including buy/sell agreements, among the partners have been furnished to Chicken Guy, in addition to evidence of consent or approval of the entry into and performance of this Agreement by the requisite number or percentage of partners, if that approval or consent is required by Franchisee's written partnership agreement.
When any of these governing documents are modified or changed, Franchisee promptly shall provide copies to Chicken Guy.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, if a franchisee is a partnership, they must furnish several documents to Chicken Guy. These include copies of the franchisee's written partnership agreement, other governing documents, and any amendments to these documents.
In addition to the partnership agreement and governing documents, the franchisee must also provide all agreements among the partners, including buy/sell agreements. Furthermore, the franchisee needs to furnish evidence of consent or approval for entering into and performing the Franchise Agreement. This evidence is required if the partnership agreement stipulates that a specific number or percentage of partners must approve such actions.
Chicken Guy also requires that if any of these governing documents are modified or changed, the franchisee must promptly provide copies of the updated documents to Chicken Guy. This ensures that Chicken Guy remains informed about the current structure and agreements within the franchisee's partnership.