Does the All County franchise agreement inure to the benefit of any transferee?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
d the travel expenses, room and board and compensation of our employees.
- 19.3. Cure. In the event an inspection or audit reveals that any payments have been understated in any report to us, then you must immediately pay to us the amount understated upon demand, in addition to interest from the date such amount was due until paid, at the highest contract rate of interest permitted by law. If an inspection or audit discloses an understatement in any report of two percent (2%) or more, you shall, in addition to repayment of monies owed with interest, reimburse us for any and all costs and expenses connected with the inspection or audit, including, without limitation, the charges of attorneys and independent accountants and the travel expenses, room and board and compensation of our employees. The foregoing remedies are in addition to our other remedies and rights under this Agreement and applicable law.
20. TRANSFER AND ASSIGNMENT.
- 20.1. Assignment by Us. This Agreement is fully transferable by us and will inure to the benefit of any transferee or other legal successor to our interests herein.
- 20.2. Assignment by You. This Agreement and the Franchise are granted personally to you. You may only assign or transfer any interest or ownership that you may have in the Business with our prior written approval.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the franchise agreement is fully transferable by All County and will inure to the benefit of any transferee or other legal successor to their interests. However, if a franchisee wants to transfer their franchise, the agreement is granted personally to them, and they may only assign or transfer any interest or ownership with All County's prior written approval. Any transfer without such approval constitutes a breach of the agreement and is void.
All County's approval is conditional on the prospective transferee agreeing to sign their then-current franchise agreement and meeting their qualifying conditions and requirements. All County will not unreasonably withhold the approval of a prospective franchisee. A transfer of ownership, possession, or control of the business may be made only in conjunction with a transfer of the agreement.
In the event the agreement is transferred to a third party and the remaining term of the agreement is two years or less, the franchisee must notify the proposed transferee in writing, with additional written notice to All County, that as a required condition of the proposed transfer, the transferee must be willing to execute All County's then current standard franchise agreement.