Can the Bang Cookies Franchisor transfer the agreement in whole?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
At all times, Franchisor possesses and maintains the sole and absolute right to transfer and/or assign Franchisor's rights and obligations under this Agreement, in whole and/or in part (for any purpose and in any form of transaction as may be designated and/or elected by Franchisor, in Franchisor's sole discretion) to any person, entity, Corporate Entity and/or third party without the consent of Franchisee and without the approval of Franchisee.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the franchisor has the right to transfer the franchise agreement. Bang Cookies maintains the sole and absolute right to transfer and/or assign its rights and obligations under the agreement. This transfer can be in whole or in part, for any purpose, and in any form of transaction that Bang Cookies designates.
Importantly, Bang Cookies can make this transfer without needing the franchisee's consent or approval. This means a franchisee has no say in who Bang Cookies might assign the agreement to in the future.
This clause is included in the section regarding the transfer of interest, specifying the rights Bang Cookies retains. This is a standard practice in franchising, allowing the franchisor flexibility in business operations and potential restructuring or sale of the franchise system.