How soon after the close of escrow or consummation of the transaction must the detailed terms of assignment be delivered to Bhc Franchisor?
Bhc Franchise · 2025 FDDAnswer from 2025 FDD Document
specified in said notice. If, however, these terms are modified in any material manner (as determined by Franchisor), or if said 60-day period expires, Franchisor will again have such right of first refusal with respect thereto and Franchisee will again be required to comply with section 12.3(b) above. Detailed terms of assignment must be delivered to Franchisor no later than 72 hours following the close of escrow or other consummation of the transaction.
Source: Item 23 — Receipts (FDD pages 52–230)
What This Means (2025 FDD)
According to Bhc's 2025 Franchise Disclosure Document, detailed terms of assignment must be delivered to Bhc no later than 72 hours following the close of escrow or other consummation of the transaction. This requirement ensures that Bhc is promptly informed of the completed assignment and its terms.
For a prospective Bhc franchisee, this means that after finalizing the sale of their franchise, they have a strict deadline of 72 hours to provide Bhc with all the specifics. This includes all financial details, conditions, and any other relevant information about the transfer. Failing to meet this deadline could potentially lead to complications or even a breach of the franchise agreement.
This requirement is fairly standard in the franchise industry, as franchisors typically want to maintain control and oversight over who is entering their system. The quick turnaround time ensures that Bhc can update its records and address any immediate concerns related to the new franchisee. Franchisees should be prepared to act quickly and efficiently to gather and submit all necessary documentation within this timeframe to ensure a smooth transfer process.