What aspects of the assignment's terms and conditions must Aw approve?

According to Aw's 2025 Franchise Disclosure Document, Aw must approve the material terms and conditions of the assignment from the franchisee to the proposed assignee. Aw must also determine that the price and terms of payment are not so burdensome as to adversely affect the future operations of the Papa Ray's Pizza Restaurant by the assignee.

This means that if a franchisee wants to sell their Aw franchise to someone else, Aw has the right to review the sale agreement. Aw will assess whether the terms of the sale, including the price and payment schedule, could negatively impact the restaurant's performance under the new owner. This protects Aw's brand and the interests of other franchisees by ensuring that new owners are set up for success.

For a prospective Aw franchisee, this highlights the importance of understanding Aw's transfer requirements. If they plan to sell their franchise in the future, they need to be aware that Aw has significant control over the terms of the sale. This could potentially limit their ability to find a buyer or negotiate favorable terms. Franchisees should discuss these requirements with Aw during their due diligence to fully understand the implications.