Can Card My Yard assign its option to purchase my business to another party?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (5) We may assign our options under this Section XIX.B.to any person or entity without your consent.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, Card My Yard has the right to assign its option to purchase a franchisee's business to another party without the franchisee's consent. This means that if Card My Yard decides to exercise its option to acquire the assets of a Card My Yard business, it can transfer this right to another person or entity.
This assignment can occur upon the termination or expiration of the Franchise Agreement. The assignee then assumes responsibility for Card My Yard's obligations related to the purchase.
For a prospective franchisee, this clause indicates that Card My Yard retains significant flexibility in how it manages its franchise network and potential acquisitions. A franchisee may find themselves dealing with a different entity than Card My Yard itself if the purchase option is assigned.