table_specific

What section of the Burneys Sweets More Franchise Agreement defines 'transfer' by the franchisee?

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

PROVISION SECTION IN AGREEMENT
k. "Transfer" by franchisee - definition Franchise Agreement § 13(b)

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 41–46)

What This Means (2025 FDD)

According to Burneys Sweets More's 2025 Franchise Disclosure Document, the definition of 'transfer' by the franchisee is specified in Section 13(b) of the Franchise Agreement. This is an important section for prospective franchisees to review carefully, as it outlines what constitutes a transfer under the agreement. Understanding this definition is crucial because any action that falls within it will be subject to the transfer provisions of the Franchise Agreement, such as the need for franchisor approval.

Burneys Sweets More requires that franchisees adhere to specific procedures and conditions when transferring their franchise. These conditions likely include obtaining prior written approval from Burneys Sweets More, as detailed in Franchise Agreement sections 13(c)(ii), 13(d), and 13(e). Failure to comply with these transfer requirements could lead to termination of the franchise agreement.

Prospective franchisees should pay close attention to Section 13(b) to fully understand what actions are considered a transfer. This knowledge will help them avoid unintentional breaches of the Franchise Agreement and ensure they remain in compliance with Burneys Sweets More's policies. It is also important to note that the franchisor's approval is generally required for all transfers, with limited exceptions, and that such approval will not be unreasonably withheld.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.