Does Monicals Pizza rely on the truthfulness, completeness, and accuracy of the information provided by the Developer in applications and financial statements?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Developer represents that all information set forth in any and all applications, financial statements and submissions to Franchisor is true, complete and accurate in all respects, and Developer acknowledges that Franchisor is relying upon the truthfulness, completeness and accuracy of such information.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, Monicals Pizza relies on the truthfulness, completeness, and accuracy of the information provided by the Developer in applications and financial statements. Specifically, the Developer must represent that all information provided to Monicals Pizza is true, complete, and accurate.
This means that a prospective Monicals Pizza developer must ensure that all information submitted during the application process, including financial statements, is entirely correct and includes all required details. Any misrepresentation or omission could have legal ramifications and potentially impact the approval of the development agreement.
This requirement is standard practice in franchising, as franchisors need to assess the financial stability and overall suitability of developers to uphold the brand's reputation and ensure successful expansion. Monicals Pizza needs to be able to trust the information provided to make informed decisions about awarding development rights.