What written statement does Buns On Fire provide as proof of termination of the Franchise Agreement?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
Said option may be exercised by the Franchisor giving the Lessor notice in writing within thirty (30) days following the expiration or termination of the said Franchise Agreement, such notice to specify, inter alia, the date of such expiration or termination.
The Lessee acknowledges and agrees that the Lessor may rely upon such notice and shall not be required to inquire into the due execution thereof or the accuracy of the statements set forth therein.
It is further agreed that such notice shall, without further act or formality, operate as an effective assignment of the Lessee's right hereunder to the Franchisor and the assumption by the Franchisor of the covenants herein required to be observed or performed by the Lessee.
The Franchisor shall thereafter have the right to assign or sublet the Premises to such person as it may designate, provided that in such event that this clause be contained therein.
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Buns On Fire provides a written notice to the lessor of the premises within thirty (30) days following the expiration or termination of the Franchise Agreement. This notice serves as proof of termination and specifies the date of such expiration or termination. The lessor can rely on this notice without needing to verify its execution or accuracy.
This written notice effectively transfers the lessee's (franchisee's) rights to the premises to Buns On Fire, allowing Buns On Fire to assume the franchisee's obligations under the lease. Following this transfer, Buns On Fire has the right to assign or sublet the premises to another party, provided that the assignment includes a clause similar to the original transfer agreement.
For a prospective Buns On Fire franchisee, this means that upon termination of the franchise agreement, Buns On Fire will provide written notification to the lessor, which acts as the formal proof of termination and enables the franchisor to take control of the leased premises. This process ensures a smooth transition of the property and allows Buns On Fire to maintain control over the location for future use.