What evidence must a Cream franchisee provide to show that appropriate measures have been taken to effect the transfer as it relates to the fulfillment of their Development Rights?

According to Cream's 2025 Franchise Disclosure Document, a franchisee transferring their Development Rights must provide evidence that appropriate measures have been taken to effect the transfer. This includes transferring all necessary business licenses and material agreements or obtaining new ones.

Specifically, the franchisee needs to show that they have handled the transfer or acquisition of all required business licenses and material agreements necessary for fulfilling the Development Rights. This ensures the transferee can legally and operationally continue developing Cream locations.

This requirement ensures that the transfer process is thorough and compliant, protecting Cream's brand and operational standards. It also helps to ensure a smooth transition for the new developer, minimizing potential disruptions.

Prospective Cream franchisees should be aware of these requirements and factor in the time and costs associated with transferring or obtaining the necessary licenses and agreements when considering a transfer of Development Rights.