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What is included in Exhibit D of the Cinch I.T. FDD?

Cinch_I_T Franchise · 2024 FDD

Answer from 2024 FDD Document

You shall identify all equity owners of Multi-Unit Developer by completing the Principal Owner's Statement attached to this Agreement as Addendum D.

You shall provide Us with an updated form of Addendum D within five (5) business days of any change in the equity ownership of Multi-Unit Developer.

Source: Item 23 — RECEIPTS (FDD pages 60–269)

What This Means (2024 FDD)

According to the 2024 Cinch I.T. Franchise Disclosure Document, Addendum D, referred to as the Principal Owner's Statement, is attached to the agreement.

This statement requires the Multi-Unit Developer to identify all equity owners. Furthermore, Cinch I.T. requires an updated form of Addendum D within five business days of any change in the equity ownership of the Multi-Unit Developer.

This requirement ensures that Cinch I.T. is always aware of the current ownership structure of its franchisees, which is a common practice in franchising to maintain control and oversight.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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