What is the required notice period Franchisee must provide to Chicken Guy before undertaking a transfer of ownership interests?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
(2) Franchisee provides Chicken Guy written notice of its intent to undertake the Transfer at least 30 days prior to the effective date of the Transfer, together with documents demonstrating that the Transfer meets the requirements of this Section.
(3) At the time of Franchisee's notice to Chicken Guy, Franchisee shall not be in default of this Agreement or any other agreements between Franchisee and Chicken Guy or its affiliates.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, a franchisee must provide written notice to Chicken Guy at least 30 days before the effective date of transferring ownership. This notification must include documentation demonstrating that the transfer meets all requirements outlined in the franchise agreement.
This 30-day notice period allows Chicken Guy to assess the proposed transfer and ensure that the new owner meets their standards. Chicken Guy will want to confirm the franchisee is not in default of the agreement or any other agreements with Chicken Guy or its affiliates.
It is important for prospective Chicken Guy franchisees to understand these transfer conditions, as failing to provide adequate notice or meet the specified requirements could delay or prevent the transfer. Franchisees should maintain compliance with all agreements to ensure a smooth transfer process.