What instruments must a Beggars Pizza franchisee execute to evidence liability for obligations arising before a transfer?

According to the 2025 Beggars Pizza Franchise Disclosure Document, if a franchisee transfers their franchise to a new owner, Beggars Pizza requires the franchisee to execute any instruments reasonably requested by them to evidence liability for all obligations to Beggars Pizza in connection with the restaurant that arose prior to the effective date of the transfer.

This requirement ensures that Beggars Pizza can legally pursue the original franchisee for any outstanding debts or unfulfilled obligations that occurred before the transfer was finalized. This protects Beggars Pizza from potential financial losses or legal complications that could arise if the original franchisee were to default on their pre-transfer responsibilities.

For a prospective Beggars Pizza franchisee, this means that even after selling the franchise, they could still be held liable for any debts or obligations incurred during their ownership. It is important for franchisees to ensure all financial matters and contractual obligations are up to date before initiating a transfer to avoid future liabilities. Franchisees should seek legal counsel to understand the full scope of their responsibilities and the implications of these instruments before signing any transfer agreements.