What is the definition of 'Managing Owner' in the Deer Solution Franchise Agreement?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
"- Managers" refers to and means the Managing Owner plus all assistant managers of the Franchised Business and all other employees, independent contractors, consultants, directors, officers, and board members who may possess access to the Confidential Information.
- "Managing Owner" if Franchisee is a partnership or Corporate Entity, the Managing Owner shall be the Owner responsible for the day-to-day oversight, management, and operation of the Franchised Business.
The Managing Owner must possess and maintain an ownership and equity interest in the Franchisee such that said individual owns, holds and controls not less than 25% of the equity and ownership interests in Franchisee.
At all times, the Managing Owner must manage the operations of the Franchised Business.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 39–40)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, a 'Managing Owner' is defined within the context of a franchisee that is a partnership or corporate entity. In such cases, the Managing Owner is the individual responsible for the daily oversight, management, and operation of the Deer Solution franchised business.
Furthermore, the Managing Owner must maintain a minimum ownership and equity interest in the Deer Solution franchise, holding and controlling at least 25% of the equity and ownership interests. This requirement ensures that the Managing Owner has a vested interest in the success of the business and is actively involved in its operations.
The Managing Owner is also required to manage the operations of the franchised Deer Solution business at all times. This implies that the individual cannot delegate these responsibilities entirely to another party, such as an operating manager, although an operating manager can be appointed to supervise and manage the day-to-day operations of the franchised business.