To whom must a Dq Treat franchisee notify in writing of any change in the owners?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
If the franchisee will be a business entity, all of its owners must sign the personal undertaking and guarantee attached to the franchise agreement. You must identify your owners in the Ownership Addendum and notify ADQ in writing of any change in the owners.
Source: Item 15 — UItem 15U***:** U**Obligation to Participate in the Actual Operation of the Franchise Business (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Dq Treat FDD, if the franchisee is a business entity, the franchisee must notify ADQ (American Dairy Queen Corporation) in writing of any change in the owners. This is because all owners of a business entity that is a franchisee must sign a personal undertaking and guarantee attached to the franchise agreement. The franchisee must identify its owners in the Ownership Addendum.