How does the Best In Class Education Center Franchise Agreement define 'Acquisition'?

According to the 2025 Best In Class Education Center Franchise Agreement, the term 'Acquisition' has a specific meaning within the context of the agreement. It encompasses situations where either Best In Class Education Center is acquired by another entity, or Best In Class Education Center acquires another entity.

Specifically, 'Acquisition' refers to either (a) a competitive or non-competitive company, franchise system, network, or chain directly or indirectly acquiring Best In Class Education Center, whether in whole or in part. This can occur through various means such as asset or stock purchase, change of control, merger, affiliation, or other methods. Alternatively, (b) it also includes situations where Best In Class Education Center, or its affiliate or parent company, directly or indirectly acquires another competitive or non-competitive company, franchise system, network, or chain, again whether in whole or in part, and through similar mechanisms like asset or stock purchase, change of control, merger, or affiliation.

This definition is important for prospective franchisees as it clarifies the scenarios that would be considered an 'Acquisition' under the Franchise Agreement. Understanding this definition can help franchisees anticipate potential changes in the franchise system due to mergers, acquisitions, or other forms of business combinations, which could impact their franchise operations and the overall brand strategy of Best In Class Education Center.