What aspects of the assignment or sale of assets must Batteries Plus Bulbs approve?

According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, if a franchisee intends to assign or sell their assets, Batteries Plus Bulbs must approve the material provisions of the assignment or sale. This approval ensures that the franchisee does not retain a security interest in the Franchise Agreement or any other intangible asset after the sale.

This requirement is in place to protect the integrity of the Batteries Plus Bulbs brand and ensure that any transfer of ownership or assets aligns with the company's standards and long-term interests. By maintaining control over these aspects of the transaction, Batteries Plus Bulbs can ensure a smooth transition and maintain consistency across its franchise network.

It is important for prospective franchisees to understand that any agreement for the assignment or sale of assets is subject to Batteries Plus Bulbs's approval, and failure to obtain this approval could jeopardize the transaction. Franchisees should carefully review the terms of the Franchise Agreement and consult with legal counsel to ensure compliance with all requirements related to assignments and sales.