If the DryJect franchisee is a business entity, what is the deadline for providing written notice of the Operating Principal prior to opening the Franchised Business?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) If You are a business entity, You must appoint an individual owner as Your Operating Principal who must have authority over all business decisions related to Your Franchised Business and must have the power to bind You in all dealings with Us. Your Operating Principal must have at least a twenty percent (20%) ownership interest in Your business entity. You must provide Us with written notice of Your Operating Principal at least thirty (30) days prior to opening and may not change Your Operating Principal without Our prior written approval.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to DryJect's 2025 Franchise Disclosure Document, if the franchisee is a business entity, they must appoint an individual owner as their Operating Principal. This Operating Principal needs to have authority over all business decisions related to the DryJect franchise and must have the power to legally bind the business in its dealings with DryJect.
The Operating Principal is required to have at least a twenty percent (20%) ownership interest in the business entity. The franchisee must provide DryJect with written notice of their Operating Principal at least thirty (30) days before opening the franchise.
Furthermore, the franchisee cannot change the Operating Principal without obtaining prior written approval from DryJect. This requirement ensures that DryJect knows who is in charge of the franchise and that the person in charge has a significant stake in the business.