What form must be used to apply for Alloy's consent to a transfer?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
ut our prior written consent.
- B. Consent to Transfer. We will not unreasonably withhold our consent to transfer, provided we determine that all of the conditions described in this Paragraph 11 have been satisfied. Application for our consent to a transfer and tender of the right of first refusal provided for in subparagraph 11.F must be made by submission of our form of application for consent to transfer, which must be accompanied by the documents we request and other required information. The application must indicate whether you or an Owner proposes to retain a security interest in the property to be transferred. No security interest may be retained or created, however, without our prior written consent and except upon conditions acceptable to us.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, to apply for consent to a transfer, a franchisee must submit Alloy's form of application for consent to transfer. This application must be accompanied by any documents Alloy requests and other required information.
The application must also indicate whether the franchisee or an owner intends to retain a security interest in the property being transferred. Alloy emphasizes that no security interest can be retained or created without their prior written consent and must be under conditions acceptable to them.
Alloy states that they will not unreasonably withhold consent to a transfer if all specified conditions are met. This process ensures Alloy maintains control over who becomes a franchisee and that any transfer aligns with their standards and financial interests.