What representation does a Beverly Anns Cookie franchisee make regarding ownership of the property?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, a former franchisee warrants and represents that it has not previously assigned, conveyed, or disposed of any interest in the Former Franchise Agreement or Franchised Business. This representation is part of an agreement related to the transfer of the franchise to a new franchisee.

This means that the former franchisee assures Beverly Anns Cookie that they haven't already given away or sold their rights to the franchise or the business itself. This is a standard legal protection for Beverly Anns Cookie, ensuring that the new franchisee is indeed acquiring legitimate rights and that the franchisor isn't exposed to potential claims from other parties.

For a prospective new franchisee, this clause provides assurance that the franchisor has taken steps to verify the legitimacy of the transfer. It reduces the risk of disputes over ownership or prior claims on the business. The new franchisee also represents that they received the Franchise Disclosure Document and waited at least 14 days before signing the New Franchise Agreement or paying any money to Beverly Anns Cookie or its affiliate.