Is the transfer, surrender, or loss of possession of the All County business considered an assignment?

According to All County's 2025 Franchise Disclosure Document, the transfer, surrender, or loss of possession, control, or management of the business is considered an assignment. Specifically, the franchise agreement outlines various events that constitute an assignment, transfer, sale, gift, or other disposition of interest in the All County franchise.

This definition includes not only direct transfers of ownership but also situations where the franchisee loses control of the business. This broad definition of assignment is important for prospective franchisees to understand because any of these events would require the franchisor's prior written approval, and failure to obtain such approval would constitute a breach of the franchise agreement.

For a potential All County franchisee, this means that any significant change in the ownership, control, or management of the business, even if not a direct sale, could trigger the assignment provisions of the franchise agreement. This could include events like divorce, insolvency, death, or even pledging the business as security. Therefore, franchisees need to be aware of these provisions and seek approval from All County for any such changes to avoid violating the agreement.