What is the timeframe for Body20 to receive written notice of a proposed transfer before the transfer can be completed?

According to Body20's 2025 Franchise Disclosure Document, if a franchisee or any of their owners desires to transfer their interest in the franchise, they must provide Body20 with advance written notice. This notice should include a copy of all proposed contracts and any other information concerning the transfer and the potential transferee that Body20 reasonably requires. No transfer requiring Body20's consent can be completed until at least 60 days after Body20 receives this written notice.

This 60-day period allows Body20 to review the proposed transfer, assess the qualifications of the potential transferee, and ensure that the transfer aligns with the brand's standards and interests. Body20 retains the discretion to withhold consent for the transfer, except in specific situations outlined in Sections 13.6, 13.7, and 13.8 of the franchise agreement, which pertain to transfers to an entity, permitted transfers, and transfers upon death, incapacity, or bankruptcy.

Furthermore, Body20 has the right to communicate directly with both the franchisee, their counsel, and the proposed transferee to discuss any aspect of the proposed transfer. This ensures that Body20 can gather all necessary information and address any concerns before making a decision. This requirement ensures Body20 has adequate time to evaluate proposed transfers and protect its interests.

In the event of a transfer to a revocable trust for estate planning purposes, the franchisee must provide Body20 with written notice at least 30 days before the anticipated effective date of the transfer. This notice must include copies of the trust documentation demonstrating compliance with the provisions outlined in Section 13.7(b) of the franchise agreement.