According to the City Wide agreement, what is Attachment G?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT G TO THE FRANCHISE AGREEMENT ACKNOWLEDGMENT REGARDING OWNERSHIP
ACKNOWLEDGMENT REGARDING OWNERSHIP
ACKNOWLEDGMENT REGARDING OWNERSHIP OR OTHER INTEREST
Acknowledgment Regarding Controlling Persons. Franchisee hereby acknowledges that Franchisee is a(n):
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, Attachment G to the Franchise Agreement is the "Acknowledgment Regarding Ownership." This attachment requires the franchisee to acknowledge their ownership structure.
The document specifies that this acknowledgment pertains to "Acknowledgment Regarding Ownership or Other Interest" and "Acknowledgment Regarding Controlling Persons." This suggests that Attachment G is designed to identify and document all individuals or entities with a significant ownership stake or controlling interest in the City Wide franchise.
For a prospective City Wide franchisee, this means they will need to disclose detailed information about the ownership of their franchise entity. This includes identifying all individuals or entities with ownership or controlling interests. This information is crucial for City Wide to ensure compliance with franchise regulations and to understand the structure of its franchisees' businesses.