factual

What representations, warranties, and indemnities are required from the 7 Brew franchisee and their owners when 7 Brew exercises its right-of-first-refusal?

7_Brew Franchise · 2025 FDD

Answer from 2025 FDD Document

If we do not exercise our right-of-first-refusal, the title-holder may complete the sale to the proposed buyer on the original offer's terms. If the title-holder does not complete the sale to the proposed buyer within sixty (60) days after we notify the title-holder that we do not intend to exercise our right-of-first-refusal, or if there is a material change in the sale's terms (which the title-holder agrees to tell us promptly), we will have an additional right-of-first-refusal during the thirty (30) days following either expiration of the sixty (60) day period or our receipt of notice of the material change(s) in the sale's terms.

We have the unrestricted right to assign this right-of-first-refusal to a third party (including an affiliate), which then will have the rights described in this Section 16.G(2). (All references in this Section 16.G(2) to "we" or "us" include our assignee if we have exercised our right to assign this right-of-first-refusal to a third party.)

The title-holder agrees to sign and deliver to us at the Effective Date, for public recordation and other legitimate business purposes, a joinder signature page to this Agreement and any other document we specify so that public notice may be given of the rights set forth in this Section 16.G(2) and we may provide any other information required by the laws of the state in which the Store's underlying real estate is located. We have the right to record such documents at our expense at any time on or after the Effective Date.

Source: Item 22 — CONTRACTS (FDD pages 82–83)

What This Means (2025 FDD)

I am unable to provide information on the representations, warranties, and indemnities required from a 7 Brew franchisee and their owners when 7 Brew exercises its right-of-first-refusal, according to the 2025 Franchise Disclosure Document. The excerpts provided discuss 7 Brew's right of first refusal, but do not specify the representations, warranties, and indemnities required from the franchisee or their owners in such a situation. A prospective franchisee should consult the full 2025 FDD and ask the franchisor directly about these obligations to fully understand their responsibilities.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.