What is the 'Former Franchise Agreement' in the context of a Beverly Anns Cookie franchise transfer?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
and any other required contracts for the operation of a Beverly Ann's Cookies franchise as stated in Franchisor's Franchise Disclosure Document.
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- Former Franchisee's Contact Information. Former Franchisee agrees to keep Franchisor informed of its current address and telephone number at all times during the three-year period following the execution of this Agreement.
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- Acknowledgement by New Franchisee. New Franchisee acknowledges and agrees that the purchase of the rights to the Franchised Business ("Transaction") occurred solely between Former Franchisee and New Franchisee.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the 'Former Franchise Agreement' relates to the original agreement between Beverly Ann's Cookie and the franchisee who is transferring their franchised business to a new franchisee. In the context of a transfer, the former franchisee represents that they have not assigned, conveyed, or disposed of any interest in this agreement or the franchised business. This ensures that the rights and obligations tied to the franchise are clearly transferred to the new franchisee without any prior claims or encumbrances.
Beverly Ann's Cookie requires the former franchisee to keep the franchisor informed of their current address and telephone number for a period of three years following the execution of the transfer agreement. This allows Beverly Ann's Cookie to contact the former franchisee if any issues arise related to the original franchise agreement or the transfer process.
Both the former franchisee and the new franchisee agree to take any further actions that may be required to implement the terms and conditions of the transfer agreement, including actions contemplated by the Former Franchise Agreement. This clause ensures that all parties are committed to fulfilling their obligations to facilitate a smooth and complete transfer of the Beverly Ann's Cookie franchise.