What is the duration of the Due Diligence Period for Beverly Anns Cookie after the Purchase Notice date?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
For a period of 30 days after the date of the Purchase Notice ("Due Diligence Period"), we will have the right to conduct such investigations as we deem necessary and appropriate. You will grant us and our representatives access to the Franchised Business and the Premises at all reasonable times for the purpose of conducting inspections of the Acquired Assets; provided that such access does not unreasonably interfere with your operations of the Franchised Business.
Prior to the end of the Due Diligence Period, we will notify you in writing of any objections that we have to any finding disclosed in any title to lien search, survey, environmental assessment or inspection. If you cannot or elect not to correct any such title defect, environmental objection or defect in the working condition of the Acquired Assets, we will have the option to either accept the condition of the Acquired Assets as they exist or rescind our option to purchase on or before the Closing.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, if the franchisor exercises its option to purchase the franchise, it will have a Due Diligence Period of 30 days after the Purchase Notice date. During this period, Beverly Anns Cookie has the right to conduct investigations deemed necessary and appropriate.
During the Due Diligence Period, the franchisee must grant Beverly Anns Cookie and its representatives access to the franchised business and premises at all reasonable times for inspections of the acquired assets, provided that such access does not unreasonably interfere with the franchisee's operations.
Prior to the end of the 30-day Due Diligence Period, Beverly Anns Cookie must notify the franchisee in writing of any objections to findings disclosed in any title to lien search, survey, environmental assessment, or inspection. If the franchisee cannot or chooses not to correct any title defect, environmental objection, or defect in the working condition of the acquired assets, Beverly Anns Cookie has the option to either accept the condition of the acquired assets as they exist or rescind its option to purchase on or before the Closing.