factual

What paragraph governs the terms of successors and assigns in the Bens Soft Pretzels agreement?

Bens_Soft_Pretzels Franchise · 2025 FDD

Answer from 2025 FDD Document

  • G.

Successors/Assigns.

Subject to the terms of Paragraph 11 hereof, this Agreement is binding upon and inures to the benefit of the administrators, executors, heirs, successors and assigns of the parties.

Source: Item 22 — CONTRACTS (FDD pages 46–47)

What This Means (2025 FDD)

According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, the terms regarding successors and assigns are governed by Paragraph 11 of the franchise agreement. Specifically, Paragraph 22.G states that the agreement is binding upon and benefits the administrators, executors, heirs, successors, and assigns of the parties, but this is subject to the terms outlined in Paragraph 11.

This means that if a franchisee wants to transfer their Bens Soft Pretzels franchise to someone else, such as a family member or another business entity, the conditions and procedures detailed in Paragraph 11 must be followed. These conditions likely involve obtaining Bens Soft Pretzels's approval, ensuring the new party meets their standards, and possibly paying a transfer fee. Paragraph 11 likely outlines specific requirements that must be met before a transfer can be approved.

It is important for a prospective franchisee to carefully review Paragraph 11 to understand the full scope of these requirements. This will help them plan for the future and ensure a smooth transfer of the franchise if they ever decide to sell or pass it on to someone else. Understanding these terms is crucial for long-term business and estate planning.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.