If the assignee is already a franchisee of Amorino, what condition must they meet regarding their obligations?

According to Amorino's 2025 Franchise Disclosure Document, if a franchisee wishes to transfer their franchise, all of their accrued monetary obligations to Amorino and its affiliates, as well as all other outstanding obligations related to the store, must be up to date, fully paid, and satisfied. This requirement ensures that the transferring franchisee does not leave behind any financial or contractual liabilities that could negatively impact Amorino or the new franchisee.

This condition is in place to protect Amorino's interests and maintain the financial health of its franchise system. By requiring all obligations to be settled before a transfer, Amorino minimizes the risk of disputes or legal issues arising from unpaid debts or unfulfilled contractual duties. It also ensures a clean transition for the new franchisee, allowing them to start with a fresh financial slate.

For a prospective Amorino franchisee, this means understanding that they cannot transfer their franchise if they have outstanding debts or unfulfilled obligations to Amorino. They must ensure that all payments are current and that they have complied with all terms of the franchise agreement before attempting to transfer the franchise. This requirement is a standard practice in franchising, as franchisors typically want to avoid transferring franchises with existing financial or legal problems.