What information does Exhibit A to the Potbelly Sandwich Works Franchise Agreement contain?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
This Exhibit A is current and complete as of , 20 You and Your Owners 1. Formation and Principals. You were incorporated or formed on , under the laws of the State of . You confirm that you have not conducted business under any name other than your corporate, limited liability company, or partnership name. The following is a list of your managing members, directors, and officers, as applicable, as of the effective date sho
Source: Item 22 — CONTRACTS (FDD page 79)
What This Means (2025 FDD)
According to the 2025 Potbelly Sandwich Works Franchise Disclosure Document, Exhibit A to the Franchise Agreement includes details about the franchisee's formation and principals. Specifically, it requires the franchisee to confirm the date and state of incorporation or formation. Additionally, Exhibit A lists the managing members, directors, and officers of the franchisee as of the effective date of the agreement.
This exhibit is crucial for Potbelly Sandwich Works as it identifies and verifies the legal structure and key individuals associated with the franchise. This information helps Potbelly Sandwich Works ensure that the franchisee is properly established and that all relevant parties are disclosed and accountable under the franchise agreement.
For a prospective franchisee, completing Exhibit A accurately is essential. Any discrepancies or omissions could potentially lead to legal or contractual issues down the line. Franchisees should ensure that all information provided in Exhibit A is current, complete, and consistent with their business's legal documentation. This exhibit helps Potbelly Sandwich Works maintain transparency and compliance within its franchise system.