Can the power of attorney granted to Chem Dry be revoked by the franchisee?

According to Chem Dry's 2024 Franchise Disclosure Document, the power of attorney granted to Chem Dry by the franchisee is irrevocable. This means that once the franchisee grants Chem Dry the power of attorney, the franchisee cannot unilaterally revoke, modify, or alter it.

This power of attorney allows Chem Dry to act on behalf of the franchisee in specific situations, primarily related to defaults under the lease agreement or the franchise agreement. Specifically, Chem Dry can rent, lease, manage, and operate the site on behalf of the franchisee if a default occurs. This is intended to protect Chem Dry's interests and ensure the continued operation of the business, even if the franchisee is unable to fulfill their obligations.

The document specifies that the power of attorney is coupled with an interest, meaning it is connected to Chem Dry's financial stake in the franchise. This is why the franchisee cannot revoke it without Chem Dry's written consent. This arrangement is designed to provide Chem Dry with a degree of control over the franchise location in the event of a default, safeguarding their investment and brand reputation. Prospective franchisees should carefully consider the implications of granting such an irrevocable power of attorney and how it might affect their rights and control over their business.