What information must a franchisee provide to Angry Chickz when requesting a transfer?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| assign to us (at our option) all internet web pages, email address, social media listings, domain names and other registrations containing the marks. If applicable, pay liquidated damages. See also "r" below. | ||
| j. Assignment of | § 13.1 | No restriction on our right to assign. |
| contract by | ||
| Franchisor | ||
| k. "Transfer" by | § 13.2.1 | Includes transfer of the agreement or change in ownership of a franchisee which is an entity. |
| franchisee – defined | ||
| Franchisor approval of transfer | § 13.2 | Transfers require our express written consent You must: (i) provide a detailed description of the price and material terms of the transfer/Assignment; (ii) provide us a list of your Owners and others with an interest in the franchise agreement; (iii) have complied with the right of first refusal and we must not have exercised our right of first refusal; (iv) not be in default; (v) be current to your obligations to third parties; (vi) have signed a release and your Owners must have signed a release; (vii) not have any suit or action pending or threatened with respect to your Angry Chickz Restaurant; (viii) pay the Transfer Fee; and (ix) agree to a non-competition agreement accepted to us which agreement is substantially similar to the Franchise Agreement terms. |
Source: Item 17 — RENEWAL, TERMINATIONS, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 39–48)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, a franchisee seeking to transfer their franchise must obtain express written consent from Angry Chickz. As part of this process, the franchisee must provide several items to Angry Chickz.
First, the franchisee must furnish a detailed description of the price and material terms associated with the transfer or assignment. Second, they must provide a list of all owners and others who hold an interest in the franchise agreement. The franchisee must also demonstrate compliance with the right of first refusal, ensuring that Angry Chickz has not exercised this right.
Additionally, the franchisee must not be in default of the agreement and must be current with all obligations to third parties. Both the franchisee and their owners are required to sign a release. The franchisee must also confirm that there are no pending or threatened lawsuits or actions related to their Angry Chickz Restaurant. Finally, the franchisee must pay the transfer fee and agree to a non-competition agreement that is acceptable to Angry Chickz and substantially similar to the terms of the Franchise Agreement.