What instruments is the All County franchisee required to deliver at the closing of the purchase?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
23.6.7.2. all licenses and permits of the Business which may be assigned or transferred; and
23.6.7.3. the leasehold interest in the Location and improvements thereon.
23.6.8. Escrow. If you cannot deliver clear title to all of the purchased assets, or if there are other unresolved issues, the closing of the sale will, at our election, be accomplished through an escrow arrangement with an independent escrow agent selected by us.
23.6.9. Releases. You and your owners agree to execute general releases, in form satisfactory to us, of any and all claims against us and our shareholders, officers, directors, employees, agents, successors and assigns.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if All County exercises its option to purchase the business, the franchisee must deliver several items at closing. These include all licenses and permits of the business that can be assigned or transferred, and the leasehold interest in the location and any improvements made to it.
Additionally, the All County franchisee and their owners must execute general releases, in a form satisfactory to All County, of any and all claims against All County and its related parties. If the franchisee cannot deliver clear title to all purchased assets or if there are other unresolved issues, the closing of the sale will be managed through an escrow arrangement with an independent escrow agent selected by All County.
These requirements ensure that All County receives the necessary assets and legal protections when repurchasing a franchise. The escrow arrangement provides a mechanism to resolve any outstanding issues before the sale is finalized, protecting both parties. The general releases prevent future legal claims against All County related to the franchise.