After a valid assignment of the Bumble Roofing Franchise Agreement, what obligations does the assignee have?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
(e) Franchisor's consent to a transfer of any interest subject to the restrictions of this Section shall not constitute a waiver of any claim it may have against the assignor, nor shall it be deemed a waiver of Franchisor's right to demand exact compliance with any of the terms of this Agreement by the assignee;
(f) The corporation, partnership, limited liability company or other business entity shall advise Franchisor and keep Franchisor current as to the names and addresses of the directors, officers, members, partners and shareholder of and those persons financially involved in the corporation, partnership, limited liability company or other business entity; and
(g) Franchisee agrees to devote its full time and best efforts to manage the day-to-day operations of the Business unless it has an operational partner or Designated Business Manager approved by Franchisor.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, if a franchisee wishes to transfer their interest in the franchise, the franchisor's consent to the transfer does not waive any claims Bumble Roofing may have against the assignor. Additionally, it does not waive Bumble Roofing's right to demand exact compliance with the terms of the Franchise Agreement by the assignee. This means the new franchisee (assignee) is responsible for adhering to all original terms and conditions of the agreement.
Furthermore, if the franchise is operated through a corporation, partnership, limited liability company, or other business entity, the franchisee must keep Bumble Roofing updated on the names and addresses of all directors, officers, members, partners, and shareholders, as well as those financially involved in the entity. The franchisee also agrees to devote full time and best efforts to manage the day-to-day operations of the business, unless they have an operational partner or Designated Business Manager approved by Bumble Roofing.
These stipulations ensure that Bumble Roofing maintains control over who operates its franchises and that the brand's standards are upheld even after a transfer of ownership. Prospective franchisees should carefully review the Franchise Agreement to fully understand their obligations, both as an initial franchisee and as a potential assignee, to avoid any misunderstandings or breaches of contract.