If the Dq Treat franchisee is a business entity, what must all of its owners sign?

According to Dq Treat's 2025 Franchise Disclosure Document, if the franchisee is a business entity, all of its owners must sign the personal undertaking and guarantee attached to the franchise agreement. This requirement ensures that all individuals with an ownership stake in the business are personally bound by the terms and obligations outlined in the franchise agreement.

This provision is a standard practice in franchising, as it provides the franchisor with an additional layer of security and accountability. By requiring all owners to sign a personal guarantee, Dq Treat ensures that these individuals are personally liable for the franchisee's performance and compliance with the franchise agreement. This can help to prevent owners from shielding themselves behind the corporate structure in the event of a breach or default.

Furthermore, the franchisee must identify all owners in an Ownership Addendum and notify Dq Treat in writing of any changes in ownership. This allows Dq Treat to maintain an accurate record of who is responsible for the franchise and to ensure that all owners are aware of their obligations under the franchise agreement. This also allows Dq Treat to keep track of who has access to confidential information.

In essence, this requirement underscores the importance of personal commitment and accountability in the Dq Treat franchise system. Prospective franchisees should carefully consider the implications of this personal guarantee and ensure that all owners are fully aware of their responsibilities before entering into a franchise agreement.