What section of the Bumper Man Franchise Agreement addresses the death or disability of the Operating Principal?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| p. Your death or disability | Section 16(f) | Upon death or disability of your Operating Principal or if we determine the death or disability of your Operating Principal adversely affects the operation of the Bumper Business, you must transfer your Operating Principal's interest in you to us or a third party approved by us within two months of such death or disability. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 33–38)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, Section 16(f) of the Franchise Agreement addresses the death or disability of the Operating Principal.
Specifically, if the Operating Principal dies or becomes disabled, or if Bumper Man determines that the death or disability adversely affects the Bumper Business's operation, the franchisee must transfer the Operating Principal's interest to Bumper Man or a third party approved by Bumper Man. This transfer must occur within two months of the death or disability.
This provision is important for prospective franchisees to understand, as the death or disability of the Operating Principal can have significant implications for the franchise. The franchisee needs to be prepared to transfer the Operating Principal's interest quickly to ensure the continued operation of the Bumper Man business.
It is also important to note that Bumper Man has the right to determine whether the death or disability of the Operating Principal adversely affects the operation of the business. This gives Bumper Man some discretion in deciding whether a transfer is necessary. Franchisees should seek clarification from Bumper Man regarding the criteria used to make this determination.