According to the Hydrodog franchise agreement, what does the term 'owner' mean?

According to the 2025 Hydrodog Franchise Disclosure Document, the term 'owner' is comprehensively defined within the franchise agreement. It encompasses any individual or entity that holds a direct or indirect ownership stake, whether legal or beneficial, including voting rights, in another person or a transferee of the agreement. This definition extends to anyone with a direct or indirect interest in the franchisee or the agreement itself.

Furthermore, the definition includes any person who possesses any other legal or equitable interest, or the power to vest in themselves such an interest, in the revenue, profits, rights, or assets of the Hydrodog franchise. This broad interpretation ensures that all parties with a financial or controlling interest in the franchise are considered 'owners' under the terms of the agreement.

For a prospective Hydrodog franchisee, this definition is crucial as it clarifies who is subject to the obligations and responsibilities outlined in the franchise agreement. It also has implications for transfer of ownership, compliance with the agreement, and potential liabilities. Franchisees should carefully consider this definition and consult with legal counsel to fully understand its impact on their specific circumstances.