Does the Annex Brands franchise agreement benefit any transferee if Annex Brands transfers the agreement?

According to Annex Brands' 2025 Franchise Disclosure Document, the franchise agreement is fully transferable by Annex Brands. The agreement will benefit any transferee or other legal successor to the interests of Annex Brands. This means that if Annex Brands sells the company or transfers the franchise agreement to another party, the new party will be bound by the terms of the existing franchise agreement and the franchisee's rights will continue under the new ownership.

This clause ensures business continuity for the franchisee even if there is a change in ownership or control of the Annex Brands franchise system. It protects the franchisee's investment and ensures that the terms and conditions of the franchise agreement remain in effect.

It is important for a prospective franchisee to understand that while Annex Brands can transfer the agreement, the franchisee's ability to transfer the agreement is restricted and requires Annex Brands' prior written approval. This is a common provision in franchise agreements, as franchisors want to ensure that any new franchisee meets their standards and is capable of operating the franchise successfully.