How does Best Brains define a 'transfer' of the franchise?

According to Best Brains' 2025 Franchise Disclosure Document, a 'transfer' by the franchisee includes any type of transfer of the Franchise Agreement, the franchise's assets, or any ownership change. This definition is broad, encompassing various scenarios where the franchisee's rights or business interests are conveyed to another party.

For a prospective Best Brains franchisee, this means that any action that results in a change of ownership or control of the franchise requires adherence to the transfer provisions outlined in Section 9.B of the franchise agreement. This could include selling the entire business, transferring a portion of ownership to a partner, or even assigning the franchise agreement to a different entity.

Best Brains retains the right to approve all transfers, but states that it will not unreasonably withhold approval. This provision protects Best Brains' interests by ensuring that any new franchisee meets their standards and is capable of operating the business successfully. Franchisees considering any form of transfer should carefully review Section 9 of the franchise agreement to understand the specific requirements and procedures for obtaining franchisor approval.