What condition regarding fees must be met before an Amorino franchise can be assigned or transferred?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
As more fully described in Item 17 of this disclosure document, you may assign or transfer the franchise with our prior written consent.
We may refuse consent to an assignment otherwise permissible unless all fees are paid to us.
Source: Item 6 — OTHER FEES (FDD pages 17–22)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, a franchisee must pay all outstanding fees to Amorino before the franchise can be assigned or transferred. Amorino retains the right to withhold consent for a transfer if any fees remain unpaid. This condition ensures that Amorino receives all due payments before a new franchisee assumes control of the business.
This requirement is a fairly standard practice in franchising. Franchisors typically want to ensure that all financial obligations are met before a transfer occurs. This protects the brand's financial interests and ensures a clean transition to the new franchisee.
For a prospective Amorino franchisee, this means that if they decide to sell their franchise, they must settle all outstanding debts with Amorino first. Failure to do so could delay or even prevent the transfer. It is important to maintain good financial standing with Amorino throughout the term of the franchise agreement to avoid complications during a potential transfer.