Is the buyback agreement personal to the distributor with Aunt Millies Bakeries?

According to the 2025 Aunt Millies Bakeries FDD, the agreement between Aunt Millies Bakeries and the distributor is personal to the distributor. This means the distributor cannot sell or assign the agreement to another party. However, a transfer of the agreement from the distributor back to Aunt Millies Bakeries is not subject to the transfer fee that is typically mentioned in Article 7 of the Distribution Agreement.

This clause ensures that the rights and obligations within the agreement are specific to the individual distributor and Aunt Millies Bakeries. This prevents unauthorized transfers or assignments that could potentially disrupt the established distribution network or introduce unapproved parties into the system.

For a prospective Aunt Millies Bakeries distributor, this condition means they cannot simply sell or give their rights to someone else without Aunt Millie's consent and adherence to the standard transfer process. However, the agreement facilitates a buyback option without incurring additional transfer fees, providing a clear exit strategy if the distributor decides to leave the business.