What must an Amorino franchisee sign if they renew or transfer their franchise?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
resides or is based near the Store, and otherwise satisfies our then current criteria for the selection of franchisees.
- (5) You and each of your Principals shall have executed a general release, in a form satisfactory to Amorino, of any and all claims against Amorino and its Affiliates and their respective officers, directors, shareholders, members, equity holders, agents and employees in their corporate/company and individual capacities, including claims arising under federal, state and local laws, rules and ordinances; provided, however, that any release will not be inconsistent with any state law regulating franchising.
- (6) The transferee shall have executed Amorino's then-current form of franchise agreement, the terms of which may be materially different than the terms of this Agreement and may include, among other things, a different royalty fee and different advertising obligations. The term of such agreement shall be the remaining term of this Agreement at the time of transfer, without any rights of renewal.
- (7) If the transferee is a Business Entity, then each of the transferee's Principals and their spouse or registered domestic partner shall have delivered to us a guaranty in our then-current standard form of guaranty.
- (8) You and all owners shall sign a reaffirmation of all obligation of confidentiality and obligation restrictive competition with Amorino.
- (9) The transferee must complete Amorino's then-current initial training program to our satisfaction.
- (10) You or the transferee shall have paid the amount specified as the "Transfer Fee" in the Data Sheet plus the reimbursement of our reasonable costs and expenses incurred in connection with the transfer (including legal fees), including our costs to obtain background checks on the transferee and its Principals. You agree that you shall reimburse us for our reasonable costs and expenses (including legal fees) incurred in connection with the transfer even if the transfer is not ultimately completed.
- (11) You and the transferee shall provide and/or sign all other documents and take such other actions as we may reasonably require.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, several documents and actions are required for franchise renewal or transfer. For renewals, anyone who has guaranteed the franchisee's obligations must sign a renewal or reaffirmation of the guarantee, in a form satisfactory to Amorino, no later than 30 days before the current term expires.
For transferring a franchise, the franchisee must deliver a completed "Amorino Transfer Disclosure Form" and copies of proposed transfer agreements to Amorino at least 30 days before the proposed transfer. Both the transferring franchisee and the new transferee may need to sign multiple documents. The transferring franchisee and their principals must sign a general release of claims against Amorino. The transferee must execute Amorino's current franchise agreement, which may have materially different terms, and if the transferee is a business entity, its principals must deliver a guaranty. The franchisee and all owners must sign a reaffirmation of confidentiality and non-competition obligations. Both parties must also provide and/or sign all other documents that Amorino reasonably requires.
If an individual franchisee transfers their interest to a business entity, both the franchisee and the business entity must execute Amorino's standard assignment and assumption agreement. This agreement ensures the business entity is bound by the obligations of the franchise agreement, while the original franchisee remains personally liable. These requirements ensure that Amorino maintains control over who operates its franchises and that all parties are bound by the current terms and conditions.