Which article in the Franchise Agreement outlines the transfer obligations for a Cilantro Taco Grill franchise?

According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, Article 16 of the Franchise Agreement outlines the transfer obligations for franchisees. This information is part of a table that summarizes the franchisee's obligations and indicates where to find more details within the Franchise Agreement and the FDD itself.

Specifically, the table in Item 9 of the FDD cross-references various obligations with corresponding sections or articles in the Franchise Agreement. This allows prospective franchisees to quickly identify which part of the agreement governs specific aspects of their responsibilities, such as fees, compliance with standards, trademarks, and transfer procedures.

For a prospective Cilantro Taco Grill franchisee, understanding Article 16 is crucial if they anticipate selling their franchise in the future. This article will detail the conditions under which a transfer can occur, any required approvals from Cilantro Taco Grill, and any fees associated with the transfer. It also indicates that Item 17 of the FDD provides additional information regarding transfer, renewal, and termination of the franchise agreement.

It is important for potential franchisees to carefully review Article 16 and Item 17 to fully understand their rights and obligations related to transferring the Cilantro Taco Grill franchise. This includes understanding any restrictions on who the franchise can be transferred to and what role Cilantro Taco Grill plays in approving the transfer.