factual

What proof of termination of the Cinnaholic Franchise Agreement will telephone companies accept?

Cinnaholic Franchise · 2025 FDD

Answer from 2025 FDD Document

  • 2.4 Certification of Termination. Franchisee hereby directs the Telephone Companies that they shall accept, as conclusive proof of Termination of the Franchise Agreement, Franchisor's written statement, signed by an officer or agent of Franchisor, that the Franchise Agreement has terminated.

Source: Item 23 — RECEIPT (FDD pages 62–269)

What This Means (2025 FDD)

According to Cinnaholic's 2025 Franchise Disclosure Document, telephone companies will accept a written statement from Cinnaholic as conclusive proof of the Franchise Agreement's termination. This statement must be signed by an officer or agent of Cinnaholic. This directive is part of the Telephone Listing Agreement that franchisees must adhere to.

This means that upon termination of the franchise agreement, Cinnaholic can directly notify the telephone companies of the termination, and the telephone companies are required to accept Cinnaholic's written statement as sufficient proof. This simplifies the process of transferring or terminating telephone numbers and listings associated with the franchise.

It is important to note that even after the telephone companies have transferred the franchisee's interest in the telephone numbers and listings to Cinnaholic, the franchisee remains liable to the telephone companies for any outstanding payments or obligations incurred before the transfer date. This liability extends to obligations not covered by the Franchise Agreement or the Telephone Listing Agreement. Franchisees should ensure all accounts are settled to avoid post-termination liabilities.

Disclaimer: This information is extracted from the 2025 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.