For Bang Cookies, what is the consequence of a transfer without written consent from the Franchisor?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
- (g) Franchisee attempts to Transfer, or purportedly attempts to Transfer, this Agreement or any of Franchisee's rights under this Agreement, without Franchisor's prior approval, written consent, and/or otherwise not in accordance with this Agreement;
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to the 2024 Bang Cookies Franchise Disclosure Document, if a franchisee attempts to transfer the Franchise Agreement or any rights under it without the franchisor's prior approval and written consent, it constitutes a breach of the agreement.
Specifically, such an unauthorized transfer is listed as a cause for potential termination of the franchise agreement. This means Bang Cookies could terminate the agreement if a franchisee attempts to transfer without getting the required approval.
This provision protects Bang Cookies by ensuring they maintain control over who operates their franchises and that all transferees meet their standards. A prospective franchisee should understand these transfer conditions carefully, as failure to comply can lead to the loss of their franchise.