factual

Can Batteries Plus Bulbs assign the Franchise Agreement?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer from 2025 FDD Document

16. ASSIGNMENT

  • A. By Franchisor. This Agreement is fully assignable by Franchisor and benefits any assignee or other legal successor to the interests of Franchisor. Any such assignment will require the assignee to fulfill Franchisor's obligations under this Agreement. Franchisor reserves the right to outsource or assign any of its obligations under this Agreement to an affiliate or third party without Multiple Unit Franchisee's consent.

Source: Item 22 — Contracts (FDD page 80)

What This Means (2025 FDD)

According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, Batteries Plus Bulbs can assign the Franchise Agreement. The agreement is fully assignable by Batteries Plus Bulbs, and this assignment benefits any assignee or other legal successor to the interests of Batteries Plus Bulbs.

Batteries Plus Bulbs is required to ensure that any assignee fulfills Batteries Plus Bulbs's obligations under the Franchise Agreement. Batteries Plus Bulbs also retains the right to outsource or assign any of its obligations under the agreement to an affiliate or third party without needing the franchisee's consent.

This means a prospective Batteries Plus Bulbs franchisee should be aware that the company could be sold or its obligations could be managed by another entity at any time. While the new entity is required to fulfill the obligations of the agreement, it is important to consider how a change in management or ownership might impact the franchise relationship and the support provided to franchisees.

Disclaimer: This information is extracted from the 2025 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.