What certifications may Angry Chickz request from the franchisee in a written statement related to assignment?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
identifying the modifications); (b) that Franchisee is not in default under any provision of this Agreement, or if in default, describing the nature thereof in detail; and (c) as to such other matters as Company may reasonably request; and Franchisee agrees that any such statements may be relied upon by Company and any prospective purchaser, assignee or lender of Company.
13.2 Assignment by Franchisee.
- 13.2.1 The rights and duties created by this Agreement are personal to Franchisee. This Agreement has been entered into by Company in reliance upon and in consideration of the singular individual or collective character, reputation, skill attitude, business ability, and financial capacity of Franchisee, or if applicable, its Owners who will actively and substantially participate in the development ownership and operation of the Franchised Business. Accordingly, neither Franchisee nor any Owner (other than Company, if applicable) shall cause or permit any Assignment without Company's prior written consent.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, if a franchisee wants to assign their franchise agreement to someone else, Angry Chickz may request certain information. Specifically, Angry Chickz can ask the franchisee to provide a true and correct list of all Owners having an interest in the Agreement or in the Franchisee, the percentage interest of each Owner, and a list of all officers and directors. This information must be provided in a form that Angry Chickz requires.
This requirement allows Angry Chickz to fully vet any potential new owners or controlling parties involved in the franchise. By requesting detailed information about the ownership structure, percentage interests, and the individuals in leadership positions, Angry Chickz can assess whether the proposed assignee meets their standards and qualifications for operating a franchise.
For a prospective Angry Chickz franchisee, this means that if they ever decide to sell or transfer their franchise, they will need to be prepared to disclose detailed information about their ownership and management structure to Angry Chickz. This is a fairly standard practice in franchising, as franchisors want to ensure that any new franchisee or controlling party is capable of maintaining the brand's standards and reputation.