What section of the Amorino agreement outlines the transfer fee requirements?

According to Amorino's 2025 Franchise Disclosure Document, the transfer fee requirements are outlined in Section 15 of the franchise agreement. Specifically, Item 22F notes that in order to transfer the franchised business, the franchisee must pay a transfer fee in accordance with Section 15 of the agreement. This indicates that Section 15 contains the details regarding the amount and conditions related to the transfer fee.

Prospective Amorino franchisees should carefully review Section 15 to understand the specific requirements for transferring their franchise, including the amount of the transfer fee, any conditions that must be met, and any other associated costs. Understanding these requirements is crucial for franchisees who may consider selling their business in the future.

It is also important to note that in addition to the transfer fee, the franchisee may be responsible for reimbursing Amorino's reasonable costs and expenses incurred in connection with the transfer, including legal fees and costs to obtain background checks on the transferee. This means that the total cost of transferring the franchise could be higher than just the stated transfer fee. Franchisees should factor in these potential additional costs when considering a transfer.