factual

If a Chem Dry franchisee's assignment is in violation of the agreement, what is the result?

Chem_Dry Franchise · 2024 FDD

Answer from 2024 FDD Document

    1. FRANCHISEE (or its Owners) makes or suffers any transfer in violation of Section 13;

Source: Item 23 — Receipts (FDD pages 68–264)

What This Means (2024 FDD)

According to Chem Dry's 2024 Franchise Disclosure Document, if a franchisee makes a transfer that violates Section 13 of the franchise agreement, it can result in termination of the agreement. Specifically, Item 23 lists several conditions that allow Chem Dry to terminate the franchise agreement. One of these conditions is if the franchisee makes any transfer in violation of Section 13.

This means that franchisees must carefully adhere to the transfer provisions outlined in Section 13 of the Chem Dry franchise agreement. Failure to comply with these provisions could lead to the termination of their franchise.

Prospective franchisees should carefully review Section 13 of the franchise agreement to fully understand the requirements and restrictions related to transfers. It is important to seek legal counsel to ensure full comprehension of these terms and to avoid any actions that could be considered a violation, potentially leading to termination of the Chem Dry franchise.

Disclaimer: This information is extracted from the 2024 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.