What is the 'Assignment' in the context of a Beard Papas franchise?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
"Assignment of Telephone Numbers and Digital Media Accounts" refers to and means the Assignment of Telephone Numbers and Digital Media Accounts agreement attached to this Agreement as Exhibit 6.
"Beard Papa's Shop(s)" shall have the meaning defined in the Recitals section of this Agreement and, without limitation to the Recitals section definition of "Beard Papa's Shops", shall further include, refer to and mean: every business and all businesses owned and/or operated by Franchisor, Franchisor's affiliates and/or authorized franchisees that use and/or is/are required to use the System and/or Licensed Marks including, but not limited to, the Franchised Business.
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to the 2025 Beard Papas Franchise Disclosure Document, the "Assignment of Telephone Numbers and Digital Media Accounts" refers to the agreement attached as Exhibit 6. This agreement covers the transfer of digital assets upon termination or expiration of the franchise agreement.
Specifically, upon termination or expiration of the Franchise Agreement, this assignment ensures that Beard Papas, as the Assignee, gains control over the franchisee's digital media, accounts, and telephone numbers associated with the franchise. This transfer is designed to be relied upon by third parties to authorize the transfer of accounts and media to Beard Papas' control. The document clarifies that this assignment does not imply the franchisee (Assignor) has any ownership interests in the digital media, and the Franchise Agreement takes precedence in case of any conflict.
This assignment becomes effective automatically when the Franchise Agreement ends. Third parties can rely on a written declaration from Beard Papas as proof of termination or expiration, which is considered definitive and not subject to challenge. This allows Beard Papas to maintain control over the digital presence and communication channels associated with the franchise, ensuring brand consistency and customer communication even after a franchise agreement concludes. The utilization of this assignment is at the sole discretion and benefit of Beard Papas.