What release must the Carbones Pizzeria franchisee execute when transferring the franchise?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
nably withhold consent to the Transfer of Franchisee's interest, but if any of the following conditions are not satisfied (without particular limitation to the following list) Franchisor shall be deemed to have reasonable grounds for withholding such consent:
- (1) Franchisor must be satisfied that the prospective purchaser has sufficient business qualifications and will comply with Franchisor's then current training requirements;
- (2) The prospective purchaser must execute such agreements as are being required of Franchisor's new franchisees at the time of the Transfer and the Franchisee must execute a general release in th
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, a franchisee must execute a general release in the form required by the Franchisor when transferring their franchise. Additionally, the prospective purchaser must execute such agreements as are being required of Carbones Pizzeria's new franchisees at the time of the transfer.
Besides the release, several other conditions must be met for the transfer to be approved. Carbones Pizzeria requires that the franchisee not be in default in the payment of any amounts owed to the Franchisor. The franchisee must also have paid a transfer fee of $5,000 to Carbones Pizzeria at the time it seeks the Franchisor's consent to the transfer.
Furthermore, the transferee and its employees, as required by Carbones Pizzeria, must complete the Franchisor's initial training program before the transfer can be finalized. These conditions ensure that the new franchisee is well-prepared and financially stable, maintaining the standards and quality of the Carbones Pizzeria brand.