Which article of the Counselor Realty Franchise Agreement discusses transfer of the 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 Counselor Realty's 2025 Franchise Disclosure Document, the transfer of the franchise is addressed in Article 9 of the Franchise Agreement. Item 17 of the FDD also contains information regarding transfer. This means that if a franchisee wants to sell their franchise to someone else or transfer ownership in any way, the terms and conditions governing that process are detailed in Article 9 of the franchise agreement.
Understanding the transfer terms is crucial for any prospective Counselor Realty franchisee. It outlines the franchisee's rights and responsibilities if they decide to sell their business, as well as Counselor Realty's rights to approve or deny the transfer. This includes any fees associated with the transfer, the process for finding a qualified buyer, and the training requirements for the new franchisee.
Prospective franchisees should carefully review Article 9 and Item 17 with their legal advisors to fully understand the implications of these transfer provisions. This will help them make informed decisions about their investment and future plans for the Counselor Realty franchise.