What is the purpose of the Assignment and Consent Agreement mentioned in the Brightstar Care addendum?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| B. | ||
|---|---|---|
| On, we, you, and entered into an Assignment | ||
| and Consent Agreement pursuant to which you purchased the assets and right to operate the | ||
| Franchised Business. | ||
| C. | ||
| In accordance with the transfer conditions set forth in the Assignment and Consent | ||
| Agreement, the parties wish to amend the Franchise Agreement pursuant to the terms and | ||
| conditions set forth in this Addendum. |
Source: Item 22 — CONTRACTS (FDD pages 117–118)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the Assignment and Consent Agreement is used when a franchisee purchases the assets and the right to operate an existing Brightstar Care Franchised Business. The parties involved in this agreement are Brightstar Franchising, LLC, the franchisee, and a third party.
The purpose of the Assignment and Consent Agreement is to facilitate the transfer of ownership and operational rights of an existing Brightstar Care franchise. This agreement ensures that all parties are in agreement with the transfer and that the new franchisee is bound by the terms and conditions of the original franchise agreement, as amended by the addendum.
Furthermore, the Brightstar Care franchise agreement addendum acknowledges that the parties wish to amend the Franchise Agreement according to the terms and conditions outlined in the Assignment and Consent Agreement. This indicates that the addendum serves to modify the original franchise agreement to reflect the change in ownership and any specific conditions agreed upon during the transfer process.