What form must be signed to complete a transfer of a Cr3 American Exteriors franchise?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
We may terminate this Agreement unless, within sixty (60) days of your death or incapacity, your executor, personal representative, or guardian:
- (i) Requests a transfer subject to our approval of your rights to a qualified transferee under this Agreement;
- (ii) completes the transfer within six (6) months of your death or incapacity;
- (iii) pays all monies owed to us, including the transfer fee, and
- (iv) signs the then current transfer and release form.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, in the event of death or incapacity, the executor, personal representative, or guardian must request a transfer of rights to a qualified transferee, subject to Cr3 American Exteriors' approval. To complete the transfer, the executor must sign the then-current transfer and release form. This must occur within 6 months of the franchisee's death or incapacitation.
In addition to signing the transfer and release form, the executor must ensure all monies owed to Cr3 American Exteriors are paid, including the transfer fee. The prospective transferee must also meet specific requirements, including completing initial training.
This clause ensures that Cr3 American Exteriors maintains control over who operates a franchise, even in unforeseen circumstances. It also protects the brand by ensuring the new franchisee is adequately trained and meets the franchisor's standards. For a prospective franchisee, this highlights the importance of having a succession plan and understanding the financial implications of transferring the franchise.