What happens to the Best Brains franchise in the event of the franchisee's death or disability?

According to Best Brains' 2025 Franchise Disclosure Document, in the event of the death or disability of a franchisee, the franchise must be assigned to an approved buyer within 5 months. All transfer provisions outlined in Section 9 of the franchise agreement will apply to this transfer. This means that the standard transfer procedures for Best Brains franchises must be followed even in the event of death or disability.

This requirement ensures that the Best Brains franchise continues to operate under an approved owner, maintaining the brand's standards and consistency. The necessity of finding an approved buyer within a 5 month period places a significant responsibility on the franchisee's estate or representatives to act quickly.

Prospective franchisees should carefully review Section 9 of the franchise agreement to fully understand the transfer provisions and their obligations. This includes understanding the criteria for buyer approval, any associated transfer fees, and the process for ensuring a smooth transition of ownership. Adequate planning, including having a succession plan or key person insurance, is advisable to address unforeseen circumstances such as death or disability and to ensure compliance with the franchise agreement.