factual

Is there a Statement of Franchisee's Owners included as a schedule to the Deck Medic Franchise Agreement?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

FRANCHISE AGREEMENT Schedule 3 Statement of Franchisee's Owners

Source: Item 22 — CONTRACTS (FDD pages 42–43)

What This Means (2024 FDD)

According to Deck Medic's 2024 Franchise Disclosure Document, Schedule 3 of the Franchise Agreement is titled "Statement of Franchisee's Owners." This indicates that the franchise agreement includes a specific schedule requiring a statement from the franchisee's owners.

This schedule likely requires the franchisee's owners to provide certain information, attestations, or agreements related to their ownership and responsibilities. It could include details about their ownership percentage, their roles in the business, and their agreement to be bound by the terms of the franchise agreement.

Prospective Deck Medic franchisees should carefully review Schedule 3 to understand the obligations and liabilities it imposes on the owners. They should also ensure that all owners are fully aware of and willing to comply with the requirements outlined in the schedule. Consulting with a legal professional is advisable to fully understand the implications of this statement for all parties involved.

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.