Must the spouses of Crepe De Licious franchise owners sign the Owners Agreement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are an entity, each owner (i.e., each person holding an ownership interest in you) must sign an Owners Agreement guarantying the obligations of the entity in the form of which is attached to the Franchise Agreement as Attachment C. We also require that the spouses of the Franchise owners sign the Owners Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, if you are married and becoming a franchisee, Crepe De Licious requires that your spouse sign the Owners Agreement. This agreement likely holds the spouse accountable for the franchisee's obligations to Crepe De Licious.
This requirement is fairly common in franchising. Franchisors often seek to ensure that all parties with a vested interest in the franchisee's assets are bound by the franchise agreement. This can protect the franchisor's interests in the event of a dispute or transfer of ownership.
Prospective franchisees should carefully review the Owners Agreement and understand its implications before signing. It is advisable to seek legal counsel to fully understand the obligations and liabilities it creates for both the franchisee and their spouse.