Can Card My Yard merge with other corporations?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
A. By Us. We will have the right to transfer or assign this Agreement and all or any part of our rights or obligations under this Agreement to any person or legal entity without your consent, and upon such transfer or assignment, the transferee or assignee shall be solely responsible for all our obligations arising subsequent to the transfer or assignment. Without limitation of the foregoing, we may sell our assets to a third party; may offer our securities privately or publicly; may merge with or, acquire other corporations, or may be acquired by another corporation; may undertake a refinancing, recapitalization, leveraged buyout or other economic or financial restructuring.
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 merge with or acquire other corporations. The document states that Card My Yard may sell its assets to a third party, offer securities privately or publicly, merge with or acquire other corporations, or be acquired by another corporation. Card My Yard can also undertake refinancing, recapitalization, leveraged buyout, or other economic or financial restructuring.
This means that as a franchisee, you acknowledge that Card My Yard can undergo significant changes in its corporate structure or ownership without requiring your consent. These changes could potentially impact the way the franchise operates, the support provided, and the overall direction of the brand.
While Card My Yard has the right to transfer the agreement, franchisees are not allowed to transfer their rights and duties without prior written consent from Card My Yard. Card My Yard will consider the franchisee's business skills, financial capacity, and personal character when reviewing a transfer request.