What representation does Ivybrook Academy require from the franchisee regarding potential violations of other agreements?
Ivybrook_Academy Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee is a corporation, a limited liability company or a partnership, Franchisee makes the following representations and warranties: (1) Franchisee is duly organized and validly existing under the laws of the state of its formation; (2) Franchisee is qualified to do business in the state or states in which the Franchised Business is located; (3) execution of this Agreement and the development and operation of the Franchised Business is permitted by its governing documents; and (4) Franchisee's articles of incorporation, articles of organization or written partnership agreement shall at all times provide that Franchisee's activities are limited exclusively to the development and operation of the IVYBROOK ACADEMY Franchised Business.
If Franchisee is a corporation, a limited liability company or a partnership, Franchisee has provided to Franchisor a current list of all owners and Franchisee agrees that Franchisee will advise Franchisor of any and all changes in ownership.
Source: Item 23 — Receipts. (FDD pages 54–207)
What This Means (2025 FDD)
According to Ivybrook Academy's 2025 Franchise Disclosure Document, if the franchisee is a corporation, limited liability company, or partnership, they must make certain representations and warranties to Ivybrook Academy. Specifically, the franchisee must represent that the execution of the Franchise Agreement, as well as the development and operation of the Ivybrook Academy franchised business, is permitted by the franchisee's governing documents.
Additionally, the franchisee's articles of incorporation, articles of organization, or written partnership agreement must stipulate that the franchisee's activities are limited exclusively to the development and operation of the Ivybrook Academy franchised business. This ensures that the franchisee's business focus remains solely on the Ivybrook Academy franchise and does not engage in other business ventures that could potentially conflict with or detract from the franchise operations.
Ivybrook Academy also requires the franchisee to provide a current list of all owners to the franchisor. Furthermore, the franchisee must inform Ivybrook Academy of any changes in ownership. This allows Ivybrook Academy to maintain accurate records of the franchise's ownership structure and ensures transparency in the franchise network.