Which section of the Afuri Ramen Dumpling Franchise Agreement covers the transfer of the franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| OBLIGATION | SECTION IN FRANCHISE AGREEMENT (“FA”) | DISCLOSURE DOCUMENT ITEM |
|---|---|---|
| t. Transfer | FA Section 7 | Item 17 |
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 27–34)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the section in the Franchise Agreement that discusses the transfer of the franchise is Section 7. Item 17 of the FDD also contains information regarding the transfer of the franchise.
This information is helpful for prospective franchisees as it identifies where to find the specific terms and conditions related to transferring their Afuri Ramen Dumpling franchise to another party. Knowing this section allows franchisees to understand the requirements, restrictions, and procedures involved in selling or transferring their franchise.
It is important for potential Afuri Ramen Dumpling franchisees to carefully review Section 7 of the Franchise Agreement and Item 17 of the FDD to fully understand their rights and obligations regarding franchise transfers. This includes understanding any transfer fees, franchisor approval processes, and other conditions that may apply.