What is the Assignee in the context of the Bb.Q Chicken franchise agreement?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| BBDOTQ USA, INC., a New Jersey Corporation ("Assignee"), all of Assignor's right and title to and interest in that certain "Lease" a copy of which is attached as Exhibit A respecting premises commonly known as This assignment is for collateral purposes only and except as specified in this document Assignee will have no liability or obligation of any kind whatsoever arising from or in connection with this assignment or the Lease unless and until Assignee takes possession of the premises the Lease demises according to the terms of this document and assumes Assignor's obligations under the Lease. | FOR VALUE RECEIVED, the undersigned ("Assignor") assigns, transfers and sets over to |
|---|---|
| and that Assignor has not previously assigned or transferred and is not otherwise obligated to assign or | Assignor represents and warrants to Assignee that it has full power and authority to assign the Lease |
| transfer any of its interest in the Lease or the premises it demises. | |
| Restaurant or Food Truck between Assignee and Assignor or in the event Assignor defaults under any | Upon Assignor's default under the Lease or under the "Franchise Agreement" for a bb.q Chicken |
| document or instrument securing the Franchise Agreement Assignee has the right to take possession of the | |
| premises the Lease demises and expel Assignor from the premises. In that event Assignor will have no | |
| further right and title to or interest in the Lease but will remain liable to Assignee for any past due rental | |
| payments or other charges Assignee is required to pay Lessor to effectuate the assignment this document | |
| contemplates. | |
| modification of the Lease without Assignee's prior written consent. Throughout the term of the Franchise | Assignor agrees that it will not suffer or permit any surrender, termination, amendment or |
| Agreement Assignor agrees that it will elect and exercise al |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the Assignee is BBDOTQ USA, INC., a New Jersey Corporation. The Collateral Assignment of Lease outlines the terms under which the franchisee ("Assignor") assigns their rights and title to their lease to Bb.Q Chicken USA, INC. ("Assignee").
This assignment serves as collateral, meaning Bb.Q Chicken's obligations are limited unless they take possession of the premises and assume the franchisee's obligations under the lease. The franchisee represents and warrants that they have the authority to assign the lease and have not previously transferred their interest in it.
Bb.Q Chicken, as the Assignee, has the right to take possession of the premises and expel the franchisee if the franchisee defaults under the lease or the Franchise Agreement. In such an event, the franchisee loses their rights to the lease but remains liable for any past due rental payments or other charges that Bb.Q Chicken is required to pay to the lessor. The franchisee also agrees not to modify the lease without Bb.Q Chicken's prior written consent and to elect and exercise all available extension options.