What conditions must be met for Beverly Anns Cookie to consent to the Requested Assignment of the Franchised Business?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Approval of Requested Assignment ("Agreement") is entered into this day of , 20, between Mobile Cookie Company, LLC ("Franchisor"), a Delaware limited liability company, ("Former Franchisee"), the undersigned owners of Former Franchisee ("Owners") and, a [State] [corporation/limited liability company] ("New Franchisee"). |
|---|
| RECITALS |
| WHEREAS, Franchisor and Former Franchisee entered into that certain franchise agreement dated |
| , 20 ("Former Franchise Agreement"), in which Franchisor |
| granted Former Franchisee the right to operate a Beverly Ann's Cookies |
| franchise located at |
| ("Franchised Business"); and |
| WHEREAS, Former Franchisee desires to assign ("Requested Assignment") the Franchised |
| Business to New Franchisee, New Franchisee desires to accept the Requested Assignment of the Franchised |
| Business from Former Franchisee, and Franchisor desires to approve the Requested Assignment of the |
| Franchised Business from Former Franchisee to New Franchisee upon the terms and conditions contained |
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the franchisor, Mobile Cookie Company, LLC, is willing to approve the Requested Assignment of the Franchised Business from the former franchisee to the new franchisee based on specific terms and conditions.
The former franchisee desires to assign the Franchised Business to the new franchisee, and the new franchisee wants to accept this assignment. The franchisor's approval is contingent upon both parties agreeing to the terms outlined in the agreement.
This agreement ensures that all parties are aligned and that the transfer of the Beverly Anns Cookie franchise occurs smoothly, with the franchisor maintaining control over the brand and its operations.