factual

Who determines permanent disability for a Card My Yard franchisee, and how?

Card_My_Yard Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (7) If you or any of your Owners transfer or attempt to transfer any rights or obligations under this Agreement or any interest in you or the Card My Yard business contrary to the terms of this Agreement, or if a transfer upon death or permanent disability is not made in accordance with Section XV.E.;

Source: Item 23 — RECEIPTS (FDD pages 84–259)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the FDD does not specify who determines permanent disability for a Card My Yard franchisee or the criteria used to make such a determination. However, the document does mention the implications of permanent disability in the context of franchise agreement transfers. Specifically, Item 23 outlines conditions that could lead to the termination of the franchise agreement, including if a transfer upon death or permanent disability is not made in accordance with Section XV.E.

Since the FDD does not define the process or standards for determining permanent disability, prospective franchisees should seek clarification from Card My Yard regarding this matter. Understanding the criteria and process for determining permanent disability is crucial for succession planning and ensuring the continuity of the franchise in unforeseen circumstances.

It is important for potential franchisees to discuss this topic with Card My Yard to fully understand their rights and obligations in the event of death or permanent disability. This discussion should clarify the procedures for transferring the franchise, any associated costs, and the criteria used to assess disability to ensure a smooth transition and avoid potential disputes.

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.