What triggers the execution of the Asset Purchase Agreement for a Beverly Anns Cookie franchise?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, Exhibit H-10 is a sample Asset Purchase Agreement. However, the document does not specify the conditions or events that would trigger the execution of the Asset Purchase Agreement. The FDD excerpt only identifies the existence of this agreement as a sample contract within Exhibit H, which lists contracts a franchisee may be required to use or execute after signing the Franchise Agreement.

Because the excerpt does not provide details on what triggers the Asset Purchase Agreement, prospective Beverly Anns Cookie franchisees should ask the franchisor for clarification. Understanding the specific circumstances that necessitate this agreement is crucial for making informed decisions.

Specifically, a potential franchisee should inquire about what assets are covered under the agreement, the typical situations in which it is used (e.g., transfer of ownership, purchase of equipment), and the obligations and responsibilities of both the franchisor and franchisee under the agreement.