Does the Monicals Pizza Franchisee Disclosure Questionnaire require franchisees to confirm they have personally reviewed the Disclosure Document?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Have you received and personally reviewed MONICAL PIZZA CORPORATION Franchise Agreement and each exhibit, addendum and schedule attached to it? Yes No |
|---|---|
| 2. | Do you understand all of the information contained in the Franchise Agreement and each exhibit and |
| schedule attached to it? | |
| Yes | |
| No | |
| If "No", what parts of the Franchise Agreement do you not understand? (Attach additional pages, if | |
| necessary.) | |
| 3. | Have you received and personally reviewed our Disclosure Document we provided to you? |
| Yes | |
| No |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, Exhibit I includes a Franchisee Disclosure Questionnaire that requires franchisees to confirm they have personally reviewed the Disclosure Document. Question 3 on the questionnaire specifically asks: "Have you received and personally reviewed our Disclosure Document we provided to you?" with options to answer "Yes" or "No".
This questionnaire serves as a formal confirmation that the prospective franchisee has received and examined the FDD, which is a crucial step in the franchise purchasing process. It ensures that franchisees are aware of the terms, conditions, and obligations outlined in the Disclosure Document before entering into a franchise agreement with Monicals Pizza. This process helps protect both the franchisee and the franchisor by documenting that the franchisee had access to all necessary information.
In addition to confirming receipt and review of the Disclosure Document, the questionnaire also asks whether the franchisee understands the information contained within it. This is an important step for Monicals Pizza to ensure that franchisees are not only aware of the contents of the FDD but also comprehend their implications. If a prospective franchisee answers "No", they are prompted to specify which parts of the Franchise Agreement they do not understand, allowing Monicals Pizza to address any confusion or concerns before finalizing the agreement.