Is the Big Apple Bagels Franchise Agreement transferable by the Franchisor?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
a. By Franchisor. This Agreement is fully transferable by Franchisor and shall inure to the benefit of any transferee or other legal successor to the interests of Franchisor herein.
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the Franchise Agreement is fully transferable by Big Apple Bagels. This means that Big Apple Bagels has the right to assign the agreement to another party, and the agreement will remain in effect with the new party as the franchisor. This transfer benefits any transferee or legal successor to Big Apple Bagels' interests.
For a prospective franchisee, this clause indicates that the company they initially contracted with might change during the term of the agreement. The new franchisor will then assume all the rights and responsibilities of the original franchisor.
While this transferability provides flexibility for Big Apple Bagels, it doesn't directly impact the franchisee's daily operations or obligations, as the terms of the agreement remain the same. However, it's essential for franchisees to understand that the entity they are dealing with could change, and they should be prepared to adapt to new management or ownership.