How will Burneys Sweets More provide reasonable notification of the sale of collateral?

According to Burneys Sweets More's 2025 Franchise Disclosure Document, reasonable notification of the time and place of any sale of collateral will be satisfied by mailing the notification to the franchisee, following the notice provisions outlined in the franchise agreement. This means that if Burneys Sweets More needs to sell any collateral (assets pledged as security for a debt), they will inform the franchisee of the sale's time and location via mail, adhering to the notification procedures detailed elsewhere in the agreement.

This is a standard practice in franchising, ensuring that franchisees are informed about significant actions Burneys Sweets More takes regarding secured assets. The specific notice provisions referenced would detail aspects such as the required timeframe for notification before the sale, the method of delivery (e.g., certified mail), and the address to which the notice must be sent. Franchisees should carefully review the full notice provisions within their agreement to understand their rights and obligations fully.

It is important for prospective Burneys Sweets More franchisees to understand these notification procedures, as failure to comply with the franchise agreement could lead to the sale of collateral. Franchisees should seek clarification from Burneys Sweets More regarding the specific details of these notice provisions to ensure they are fully aware of their responsibilities and rights in such situations.