What is the time zone specified for all deadlines related to the Caring Transitions Right of First Refusal?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
- Exercise of Right of First Refusal. If a bona fide prospective franchisee selects a franchise territory that includes all or any part of the Territory described in Section 3 above, Franchisor will notify you by email, ordinary mail, or overnight delivery (the "Notice"). You can exercise this Right of First Refusal only as follows:
(a) Franchisor must receive your signed Intent to Exercise Right of First Refusal (a copy of which is attached to this agreement) by 17:00 hours Eastern Time on the seventh day after you receive the Notice;
and
(b) Franchisor must receive the balance of the then current franchise fee for the Territory size described in Section 3 above (determined in accordance with Franchisor's then current pricing policy less the amount of the Right of First Refusal Fee already paid) and a signed copy of our then-current franchise agreement and all ancillary agreements by the later of either (i) 17:00 Eastern Time on the seventh day after you receive your Notice or, (ii) if you have not previously received a copy of our then-current franchise disclosure document, 17:00 hours Eastern Time on the sixteenth day after you receive a copy of our then-current franchise disclosure document.
Source: Item 23 — RECEIPT (FDD pages 49–202)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, all deadlines related to exercising the Right of First Refusal are based on Eastern Time.
Specifically, if a prospective franchisee is interested in a territory that overlaps with an existing franchisee's territory, Caring Transitions will notify the existing franchisee. To exercise their Right of First Refusal, the existing franchisee must send a signed Intent to Exercise Right of First Refusal to Caring Transitions by 17:00 hours (5:00 PM) Eastern Time on the seventh day after receiving the notification.
Additionally, the existing franchisee must submit the remaining balance of the franchise fee and signed franchise agreements by 17:00 hours Eastern Time on the seventh day after receiving the notice, or if they haven't received the current franchise disclosure document, by 17:00 hours Eastern Time on the sixteenth day after receiving it. Failure to meet these deadlines in Eastern Time will result in the termination of the Right of First Refusal.