factual

What specific subarticle of Article 14.C of the Bang Cookies Franchise Agreement is supplemented regarding transfer approval for Bang Cookies?

Bang_Cookies Franchise · 2024 FDD

Answer from 2024 FDD Document

HAWAII FRANCHISE AGREEMENT AMENDMENT

Amendments to the Bang Cookies Franchise Agreement

In recognition of the requirements of the Hawaii Franchise Investment Law, the undersigned agree to the following modifications to the Bang Cookies Franchise LLC Franchise Agreement (the "Franchise Agreement"), as follows:

  1. Sub-Article 14.C.(6). Sub-article 14.C.(6), under the Article section titled "Conditions for Approval of Transfer," is supplemented by the addition of the following language:

; provided, however, that all rights enjoyed by Franchisee and any

Source: Item 23 — RECEIPTS (FDD pages 56–245)

What This Means (2024 FDD)

According to Bang Cookies's 2024 Franchise Disclosure Document, amendments to the franchise agreement in certain states supplement subarticle 14.C(6) of Article 14.C, which generally covers the conditions for approval of a transfer. Specifically, amendments for Hawaii, Minnesota, Maryland, and New York each add language to subarticle 14.C(6) to ensure that the franchisee's rights and causes of action under the respective state's franchise laws remain in force, and that the non-waiver provisions of those state laws are satisfied.

For a prospective Bang Cookies franchisee, this means that if they are located in Hawaii, Minnesota, Maryland, or New York, the standard transfer conditions outlined in the franchise agreement are modified to protect their rights under state franchise laws. This ensures that the franchisee does not inadvertently waive any legal protections afforded to them by state law during the transfer process.

It is important for franchisees in these states to understand the specific rights and protections provided by their state's franchise laws and how these amendments to subarticle 14.C(6) reinforce those rights during a transfer. This could influence decisions related to transferring the franchise and negotiating terms with potential transferees, as the franchisee's legal standing is explicitly preserved under the amended agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.