Does the Aplus franchise agreement outline any prohibited actions related to franchise transfer, as summarized in this table?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
websites, and telephone listings and numbers |
| Provision | Section in franchise or | Summary |
|---|---|---|
| other agreement | ||
| for the APLUS Store to Franchisor and shall | ||
| notify the telephone company and all listing | ||
| agencies of the termination or expiration of | ||
| Franchisee's right to use any telephone | ||
| numbers or facsimile numbers associated | ||
| with the Marks and shall authorize transfer of | ||
| same |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 53–64)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the table summarizing Item 17, which covers renewal, termination, transfer, and dispute resolution, does not explicitly list prohibited actions related to franchise transfer. However, it does define what constitutes a "transfer" by the franchisee.
Specifically, the table includes a row defining "transfer" by the franchisee, referencing Sections 18 and 2.22 of the APLUS Franchise Agreement and Premises Lease, respectively. This indicates that the agreement does address the concept of transfer, but the summary provided in the table focuses on defining what actions constitute a transfer rather than outlining prohibitions.
A prospective Aplus franchisee should carefully review Sections 18 and 2.22 of the APLUS Franchise Agreement and Premises Lease to fully understand the conditions and any potential restrictions or requirements related to transferring their franchise. It would be prudent to consult with a legal professional to ensure full comprehension of these sections and their implications.