What documentation must be submitted to Beverly Anns Cookie for review during a proposed transfer?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
You must also submit a copy of the proposed purchase agreement together with all supporting documents and schedules between you and the proposed transferee to us for our review to ensure that the Transfer does not violate any term of this Franchise Agreement.
You must request that the transferee be provided with our then-current form of franchise disclosure document.
You and each of your Owners sign a general release in the form we prescribe for all known and unknown claims against us, our affiliates and subsidiaries, and our and their respective members, officers, directors, agents and employees, arising before or contemporaneously with the Transfer.
If the proposed transferee has any previous relationship with us or our affiliates, then the proposed transferee must also execute a general release.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, a franchisee seeking to transfer their franchise must submit a copy of the proposed purchase agreement, including all supporting documents and schedules, to Beverly Anns Cookie for review. This review ensures that the transfer does not violate any terms of the existing Franchise Agreement.
Beverly Anns Cookie also requires the transferee to receive the current form of the franchise disclosure document. The franchisee must request that the transferee be provided with this document. This ensures the potential new franchisee is fully informed about the obligations and opportunities of owning a Beverly Anns Cookie franchise.
Additionally, the franchisee and their owners must sign a general release in a form prescribed by Beverly Anns Cookie. This release covers all known and unknown claims against Beverly Anns Cookie, its affiliates, subsidiaries, and their respective members, officers, directors, agents, and employees, arising before or contemporaneously with the transfer. If the proposed transferee has any prior relationship with Beverly Anns Cookie or its affiliates, they must also execute a general release.
These requirements ensure that Beverly Anns Cookie maintains control over who becomes a franchisee and that all parties are protected from potential future claims or disputes related to the transfer. The review of the purchase agreement and the requirement for releases are standard practices in franchising to safeguard the franchisor's interests and the integrity of the brand.