Does the Bft franchise agreement define a 'transfer' to include your Studio's assets?

Based on the 2025 Bft Franchise Disclosure Document, the provided excerpts do not explicitly define whether the term 'transfer' includes the Studio's assets. Item 17 discusses 'Renewal, Termination, Transfer, and Dispute Resolution,' but it does not provide a specific definition of 'transfer' within the context of the franchise agreement or multi-unit agreement. The document includes riders to the agreements for franchisees and developers in specific states like Maryland, New York, and North Dakota, but these riders primarily address legal considerations and do not define 'transfer'.

While the excerpts mention the transfer of interest by the Developer and its Owners in the context of a Multi-Unit Agreement, the specific components of what constitutes a 'transfer' are not detailed. The excerpts also discuss the transfer of a Studio in accordance with the transferred Studio's Franchise Agreement, but again, without defining what elements are included in the transfer. This lack of clarity could have implications for franchisees looking to sell their business, as it's unclear whether the sale of assets is explicitly covered under the transfer provisions.

Therefore, a prospective Bft franchisee should seek clarification from the franchisor regarding the definition of 'transfer' within the franchise agreement. Specifically, they should inquire whether the transfer includes the Studio's assets, such as equipment, furniture, fixtures, and inventory. Understanding the scope of the transfer is crucial for making informed decisions about the future sale or assignment of the franchise.