What is the Bath Tune Up Existing Franchisee transferring to the New Franchisee regarding invoices?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Existing Franchisee will transfer physical possession of the Confidential Operating Manual (Manual) to Franchisor and to New Franchisee of all items required by the Franchise Agreement, including, without limitation, (i) all books, manuals, financial records, receipts, invoices, and documents relating to the Franchised Business; and (ii) all other documents, property and other objects containing Franchisor's Marks. New Franchisee has reviewed the Manual and agrees that the Confidential Operating Manual shall apply fully to its operation of the Franchised Business. New Franchisee agrees to abide by all other manuals and guidelines, present and future, of Franchisor, including, but not limited to, those pertaining to advertising.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2025 FDD)
According to the 2025 Bath Tune Up Franchise Disclosure Document, when an existing franchisee transfers their franchise to a new franchisee, the existing franchisee is required to transfer physical possession to the new franchisee of all items required by the Franchise Agreement. This includes all books, manuals, financial records, receipts, invoices, and documents relating to the franchised business.
This transfer ensures that the new Bath Tune Up franchisee has access to all the necessary information to operate the business effectively and maintain accurate records. It also helps to ensure a smooth transition and continuity of operations.
Furthermore, the new franchisee acknowledges that they have reviewed the Confidential Operating Manual and agrees that it will fully apply to their operation of the franchised business. The new franchisee also agrees to abide by all other manuals and guidelines, present and future, of Bath Tune Up, including those pertaining to advertising.