What authorization must a Chem Dry franchisee provide to release information to a transferee?

According to Chem Dry's 2024 Franchise Disclosure Document, a franchisee must provide written authorization to Chem Dry, Inc. to release any and all information about the operation of the business that Chem Dry has collected to the transferee.

This requirement ensures that Chem Dry can freely share operational details and data it possesses about the franchise with potential buyers. This transparency helps the transferee make an informed decision about purchasing the franchise. It also protects Chem Dry by ensuring that the transferee is aware of the business's history and performance, as known by Chem Dry.

This authorization is one of several conditions that must be met for a transfer to be approved. Other conditions include ensuring the transferee's good character, business experience, and financial resources, as well as the transferee assuming all of the franchisee's obligations and paying all amounts owed to Chem Dry. The transferee must also complete the initial training program and sign Chem Dry's current franchise agreement. These conditions collectively aim to maintain the quality and consistency of the Chem Dry franchise system.