Can Beem Light Sauna assign its right of first refusal to another entity or person?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
We may assign our right of first refusal to another Entity or person either before or after we exercise it.
However, our right of first refusal will not apply with regard to Transfers to an Entity under Section 13.7 (Permitted Transfers) or 13.8 (Transfer Upon Death, Incapacity, or Bankruptcy) or Transfers to your spouse, son, or daughter.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, Beem Light Sauna has the right to assign its right of first refusal to another entity or person. This assignment can occur either before or after Beem Light Sauna exercises the right itself.
However, there are specific exceptions where Beem Light Sauna's right of first refusal does not apply. These exceptions include transfers to an entity under Section 13.7, which covers permitted transfers such as granting security interests or transfers to a revocable trust. It also does not apply to transfers under Section 13.8, which addresses transfers upon death, incapacity, or bankruptcy, or transfers to the franchisee's spouse, son, or daughter.
This clause means that if a franchisee intends to sell their Beem Light Sauna franchise, Beem Light Sauna has the first opportunity to purchase it. Beem Light Sauna can then choose to either buy the franchise itself or assign this right to another party. However, certain transfers, such as those within a family or due to specific life events, are exempt from this right of first refusal.