factual

If consent is required for a public announcement regarding the Bevaris Alliance agreement, can it be unreasonably withheld?

Bevaris_Alliance Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 27.11 Public Announcements. No party shall make, or permit any person to make, any public announcement concerning this agreement without the prior written consent of the other parties (such consent not to be unreasonably withheld or delayed), except as required by law, any governmental or regulatory authority (including any relevant securities exchange), any court or other authority of competent jurisdiction.

Source: Item 23 — RECEIPT (FDD pages 22–88)

What This Means (2024 FDD)

According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees must obtain prior written consent from other parties before making any public announcement concerning the franchise agreement. However, this consent cannot be unreasonably withheld or delayed by Bevaris Alliance.

This provision ensures that Bevaris Alliance franchisees are able to communicate important information, while also protecting the brand's image by ensuring that announcements are accurate and appropriate. The exception to this requirement is announcements that are required by law, governmental or regulatory authority, or any court or other authority of competent jurisdiction.

This clause is fairly standard in franchise agreements. It aims to balance the franchisor's need to control its brand image with the franchisee's need to communicate relevant information. A prospective Bevaris Alliance franchisee should understand the types of announcements that might require consent and what would constitute an unreasonable delay or withholding of consent.

Disclaimer: This information is extracted from the 2024 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.