What information is collected regarding the officers and directors of Monicals Pizza?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C TO THE AREA DEVELOPMENT AGREEMENT
HOLDERS OF LEGAL OR BENEFICIAL INTEREST IN DEVELOPER; OFFICERS, DIRECTORS, MANAGERS AND TRUSTEES
Holders of Legal or Beneficial Interest:
Position/Title: Position/Title: Home Address: Home Address: Telephone No.: Telephone No.: E-mail address: E-mail address: Percentage of ownership: Percentage of ownership % % Position/Title: Position/Title: Home Address: Home Address: Telephone No.: Telephone No.: E-mail address: E-mail address: Percentage of ownership: Percentage of ownership % % Position/Title: Position/Title: Home Address: Home Address: Telephone No.: Telephone No.: E-mail address: E-mail address: Percentage of ownership: Percentage of ownership % % Officers and Directors: Position/Title: Position/Title: Home Address: Home Address: Telephone No.: Telephone No.: E-mail address: E-mail address: Position/Title: Position/Title: Home Address: Home Address: Telephone No.: Telephone No.: E-mail address: E-mail address:
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, Exhibit C to the Area Development Agreement outlines the information collected regarding holders of legal or beneficial interest in the developer, as well as officers, directors, managers, and trustees. This exhibit requires listing the Position/Title, Home Address, Telephone No., E-mail address, and Percentage of ownership for each individual holding a legal or beneficial interest. For officers and directors, the exhibit requires listing their Position/Title, Home Address, Telephone No., and E-mail address.
This information is crucial for Monicals Pizza to understand the ownership structure and management of its franchisees and developers. By collecting this data, Monicals Pizza can assess potential conflicts of interest, ensure compliance with franchise agreements, and maintain a clear understanding of who is responsible for the operations and performance of each franchise location.
For a prospective franchisee, this means they will need to provide detailed personal and contact information for themselves and any other individuals with a legal or beneficial interest in the franchise. This requirement is standard practice in the franchise industry, as franchisors need to thoroughly vet potential franchisees and understand their business background. Failure to provide accurate and complete information could result in delays in the franchise approval process or even denial of the franchise application.
It is important for potential franchisees to carefully review Exhibit C to the Area Development Agreement and understand the specific information requirements. They should also be prepared to provide supporting documentation to verify the accuracy of the information provided. Consulting with an attorney or franchise advisor can help ensure that all requirements are met and that the franchise application process goes smoothly.