Under what circumstances can the Company assign its rights or obligations under the Camp Margaritaville agreement?

According to the 2025 Camp Margaritaville FDD, the Company (Franchisor) generally cannot assign its rights or obligations under the agreement without prior written consent from Margaritaville, who can exercise sole discretion in granting or denying this request. However, there is an exception: Camp Margaritaville can assign its rights and obligations without Margaritaville's consent in connection with a transfer of the Branding Agreement, as permitted within that agreement.

This means that as a Camp Margaritaville franchisee, you can expect that the franchisor will likely remain the same throughout the term of your agreement unless there is a significant change involving the Branding Agreement. This provides a level of stability, as changes in franchisor ownership or management could potentially impact the support and resources you receive.

It's important for a prospective franchisee to understand the terms of the Branding Agreement, as a transfer of this agreement is the only outlined exception where Camp Margaritaville can assign its rights without consent. Understanding the conditions under which the Branding Agreement can be transferred will provide a clearer picture of potential future changes in the franchisor's obligations.