What exhibit outlines the Bath Tune Up Consent to Transfer and Assumption of Franchise?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| TITLE OF AGREEMENT | EXHIBIT/ SCHEDULE # | SIGNED BY |
|---|---|---|
| Franchise Agreement, State Addendum and Schedules | Exhibit A | You and us |
| Personal Covenant and Guarantee | Schedule 1 | All people having direct or indirect “Control”* over Franchisee or a direct or indirect beneficial ownership interest in Franchisee, including the spouse of Franchisee. |
| Consent to Transfer and Assumption of Franchise | Exhibit H | You, new franchisee and us |
| (includes Release of Claims) | ||
| Veteran’s Addendum to Franchise Agreement | Exhibit I | You (only if you are a veteran) and us |
| Secured Promissory Note | Exhibit J | You (Obligor) |
| General Security Agreement | Exhibit K | You (Pledgor) and us |
| Addendum to Franchise Agreement – Two Territories | Exhibit L | You (only if you purchase two territories) and us |
Source: Item 23 — RECEIPTS (FDD pages 52–222)
What This Means (2025 FDD)
According to the 2025 Bath Tune Up Franchise Disclosure Document, the Consent to Transfer and Assumption of Franchise is outlined in Exhibit H. This exhibit includes a release of claims, which is a standard legal document used during the transfer process to protect the franchisor from potential future liabilities related to the previous franchisee's operations.
For a prospective Bath Tune Up franchisee, understanding the contents of Exhibit H is crucial if they plan to sell their franchise in the future. The exhibit will detail the conditions under which Bath Tune Up will allow a transfer, the obligations of the franchisee, and the responsibilities of the new franchisee. It is important to carefully review the release of claims to understand what rights are being waived and to ensure that the terms are reasonable and compliant with any applicable state laws.
It is also important to note that the exhibit is signed by you, the new franchisee, and Bath Tune Up, indicating that all parties must agree to the terms outlined in the document. This ensures that all parties are in agreement regarding the transfer and assumption of the franchise. Prospective franchisees should consult with a legal professional to fully understand the implications of this document before signing.