In the Monicals Pizza Disclosure Document, what entities do the terms 'we,' 'our,' and 'us' refer to?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this Disclosure Document, the words "we," "our," "us," "Monical's" and "Monical's Pizza" refer to Monical Pizza Corporation, the franchisor of this business. "You" and "your" refer to the person who buys the franchise, whether you are a corporation, limited liability company or other business entity. If you are a corporation, limited liability company or other business entity, certain provisions of this Disclosure Document also apply to your owners and will be noted.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the terms 'we,' 'our,' 'us,' 'Monical's' and 'Monical's Pizza' refer to Monical Pizza Corporation, the franchisor of the business. The document clarifies that 'you' and 'your' refer to the person or entity buying the franchise, whether it's an individual, corporation, limited liability company, or other business entity.
This definition is crucial for understanding the obligations and rights outlined in the Franchise Disclosure Document. When reading through the FDD and Franchise Agreement, prospective franchisees should keep this definition in mind to accurately interpret which entity is responsible for specific actions or entitled to certain benefits. For instance, any statement about 'our' responsibilities refers to the obligations of Monical Pizza Corporation, while statements about 'your' responsibilities pertain to the franchisee.
Furthermore, the FDD specifies that if the franchisee is a corporation, limited liability company, or other business entity, certain provisions of the Disclosure Document also apply to the owners of that entity. This means that individuals behind the business entity may also be held accountable for certain aspects of the franchise agreement, which is a common practice in franchising to ensure commitment and compliance.