Is a transfer of ownership of capital stock in the All County franchise considered an assignment?

According to All County's 2025 Franchise Disclosure Document, a transfer of ownership of capital stock is considered an assignment. Specifically, the FDD states that an assignment, transfer, sale, gift, or other disposition includes the transfer of ownership of capital stock, partnership interest, or other equity interest in the franchisee. This means that if a franchisee wishes to transfer ownership of their company's stock, it is treated as an assignment of the franchise agreement.

As a result, the franchisee must obtain prior written approval from All County before making such a transfer. This approval is conditional, requiring the prospective transferee to sign All County's then-current franchise agreement and meet the company's qualifying conditions and requirements. All County states that it will not unreasonably withhold approval of a prospective franchisee.

This requirement allows All County to maintain control over who becomes a franchisee and ensures that new owners meet their standards. For a prospective franchisee, this means that any future plans to transfer ownership, even partially through stock transfers, will be subject to All County's approval process, transfer fees, and other conditions outlined in the franchise agreement. It is important to carefully review these conditions and understand the implications before entering into a franchise agreement with All County.