Is the Statement of Prospective Franchisee included as an attachment to the Fat Shack Franchise Agreement?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee represents that the Statement of Ownership, attached hereto as Exhibit IV, is true, complete, accurate and not misleading.
Franchisee shall promptly provide FSI with a written notification if the information contained in the Statement of Ownership changes at any time during the term of this Agreement and shall comply with the applicable transfer provisions contained in Article 17.
Source: Item 22 — Contracts (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Fat Shack Franchise Disclosure Document, a Statement of Prospective Franchisee is not included as an attachment to the Fat Shack Franchise Agreement. However, a Statement of Ownership is included as Exhibit IV to the Franchise Agreement. The franchisee must ensure that the Statement of Ownership is true, complete, accurate, and not misleading. The franchisee must also promptly provide Fat Shack with written notification if the information contained in the Statement of Ownership changes at any time during the term of the Franchise Agreement and comply with the applicable transfer provisions.
Prospective Fat Shack franchisees should carefully review Exhibit IV and understand the obligations related to ownership and providing updated information to Fat Shack. Failure to maintain accurate ownership information and notify Fat Shack of changes could potentially lead to issues with compliance or even termination of the agreement.
While the Statement of Prospective Franchisee is not included, franchisees should confirm with Fat Shack whether there are any other documents or statements required to be submitted during the application process that are not explicitly listed as exhibits to the Franchise Agreement.