Can Angry Chickz transfer the Franchise Agreement without the franchisee's consent?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
13.1 Assignment by Company. This Agreement is fully transferable by Company without the consent of Franchisee, and shall inure to the benefit of any transferee or the legal successor to Company's interests in this Agreement. Company may, in whole or in part, (i) assign or delegate any or all of its rights and obligations under this Agreement; (ii) sell its assets, its marks, or its System outright to a third party; (iii) engage in a public offering of its securities; (iv) engage in a private placement of some or all of its securities; (v) merge, acquire other Entities, or be acquired by other persons or Entities; or (vi) undertake a refinancing, recapitalization, leveraged buy-out or other economic or financial restructuring. Company shall be permitted to perform such actions without liability or obligation to Franchisee who expressly and specifically waives any claims, demands or damages arising from or related to any or all of the above or similar actions.
Company shall have no liability for the performance of any obligations contained in this Agreement after the effective date of a transfer or assignment. In connection with any of the foregoing, at Company's request, Franchisee shall deliver to Company a statement in writing certifying (a) that this Agreement is unmodified and in full force and effect (or if there have been modifications that the Agreement as modified is in full force and effect and 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.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, Angry Chickz can transfer the Franchise Agreement without the franchisee's consent.
Specifically, Article 13.1 states that the agreement is fully transferable by Angry Chickz without the franchisee's consent. This transfer benefits any transferee or legal successor to Angry Chickz's interests in the agreement. Angry Chickz has the right to assign or delegate its obligations, sell its assets or trademarks, engage in public or private securities offerings, merge with or acquire other entities, or undergo financial restructuring without needing the franchisee's approval.
The franchisee expressly waives any claims, demands, or damages related to these actions. After the transfer date, Angry Chickz is not liable for any obligations in the agreement. At Angry Chickz's request, the franchisee must provide a written statement certifying that the agreement is in effect, detailing any modifications, confirming the franchisee is not in default, or describing any defaults. This statement can be relied upon by Angry Chickz and any prospective purchaser, assignee, or lender of Angry Chickz.