Where can I find the Hydrodog Principal Owner's Statement form?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) the Principal Owners Statement will completely and accurately describe all of your owners and their interests in you. A copy of our current form of Principal Owners Statement is attached to the Franchise Disclosure Document you were furnished;
- (d) you and your owners agree to revise the Principal Owners Statement as may be necessary to reflect any ownership changes and to furnish such other information about your organization or formation as we may request (no ownership changes may be made without our approval);
- (e) each of your owners during the Term will sign and deliver to us our standard form of Principal Owner's Guaranty undertaking to be bound jointly and severally by all provisions of this Agreement and any other agreements between you and us, and any
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, a copy of the current form of the Principal Owners Statement is attached to the Franchise Disclosure Document that was furnished to you. This statement is required to completely and accurately describe all of the owners of the business and their interests in the company.
If there are any changes to the ownership of the Hydrodog franchise, the franchisee and owners must revise the Principal Owners Statement to reflect those changes. These revisions, along with any other information about the organization or formation of the business, must be furnished to Hydrodog for their review and approval. No ownership changes can be made without the franchisor's approval.
Each owner must also sign and deliver Hydrodog's standard form of Principal Owner's Guaranty, which binds them jointly and severally to all provisions of the Franchise Agreement and any other agreements between the franchisee and Hydrodog. A copy of the current form of Principal Owner's Guaranty is also attached to the Franchise Disclosure Document.