What form of franchise agreement will the transferee be required to execute for a City Wide franchise?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.4.11 The transferee will execute the then-current form of franchise agreement, pay all required fees (including Initial Fees) and will provide such additional guaranties of its obligations under such franchise agreement as CITY WIDE may require.
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, a transferee will be required to execute the then-current form of the franchise agreement. This means that whoever is taking over the franchise must sign the version of the agreement that City Wide is using at the time of the transfer.
In addition to signing the current franchise agreement, the transferee must also pay all required fees, including initial franchise fees. City Wide may also require the transferee to provide additional guarantees to ensure they fulfill their obligations under the franchise agreement.
This requirement ensures that all City Wide franchisees, including those who acquire their franchises through transfer, are operating under the same current standards and agreements. It also allows City Wide to collect any outstanding fees and ensure the new franchisee is fully committed to the brand.