What is the maximum timeframe Belocal franchisor has to notify the franchisee of approval or disapproval of a proposed transfer?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee agrees to submit to Franchisor all information Franchisor may require in order to determine whether to approve a proposed transfer of the Franchised Business, and Franchisor agrees to notify Franchisee of its approval or disapproval within a reasonable period of time, not to exceed 30 days, after Franchisor has received all requested information relating to any proposed transfer of the Franchised Business.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, if a franchisee wishes to transfer their interest in the franchised business, they must apply to Belocal for consent. Belocal is required to notify the franchisee of its decision, whether approval or disapproval, within a reasonable timeframe.
The maximum timeframe Belocal has to notify a franchisee of approval or disapproval of a proposed transfer is 30 days. This 30-day period begins after Belocal has received all the information it has requested regarding the proposed transfer.
This stipulation provides a degree of certainty for the franchisee, ensuring they are not left waiting indefinitely for a decision on the transfer. However, the franchisee must ensure they promptly provide all required information to Belocal to initiate this 30-day review period. Failure to provide all necessary information could delay the approval process.