Which article of the Counselor Realty Franchise Agreement covers the transfer process for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
NT.
| Obligation | Section in Franchise Agreement | Disclosure Document Item |
|---|---|---|
| a. |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 17–21)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the transfer of a Counselor Realty franchise is addressed in Article 9 of the Franchise Agreement. Item 11 of the FDD provides a table that cross-references various obligations with their corresponding sections or articles within the Franchise Agreement and relevant items in the Disclosure Document. This table indicates that the topic of franchise transfer is specifically covered under Article 9 of the Franchise Agreement and is further discussed in Item 17 of the FDD.
For a prospective Counselor Realty franchisee, this means that Article 9 of the Franchise Agreement will contain the specific terms and conditions governing the transfer of their franchise to another party. This article would likely outline the procedures, requirements, and any restrictions associated with transferring ownership.
It is important for potential franchisees to carefully review Article 9 to understand their rights and obligations regarding franchise transfer, including any fees, approvals, or other conditions that Counselor Realty may impose. Additionally, Item 17 of the FDD will provide further details and disclosures related to the transfer process, offering a comprehensive overview of this aspect of the franchise agreement.