What is the condition for Beyond Juicery Eatery to assign the franchise contract to another party?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
Under Section13.01, Franchisor shall not transfer and assign its rights and obligations under the Franchise Agreement unless the transferee will be able to perform Franchisor's obligations under the Franchise Agreement, in Franchisor's good faith judgment, so long as it remains subject to the General Business Laws of the State of New York.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, the conditions for the franchisor to transfer and assign its rights and obligations under the Franchise Agreement are outlined specifically for franchisees in the State of New York.
For New York franchisees, Beyond Juicery Eatery can only transfer and assign its rights and obligations if the transferee will be able to perform the franchisor's obligations under the Franchise Agreement. This determination is based on the franchisor's good faith judgment, as long as it remains subject to the General Business Laws of the State of New York.
This provision ensures that if Beyond Juicery Eatery decides to transfer the franchise agreement to another party, the new party must be capable of fulfilling the obligations outlined in the original agreement, providing a level of security for the franchisee. This condition is specific to New York due to its franchise laws.