What is a Cream franchisee required to transfer or obtain as part of fulfilling their Development Rights during a transfer?

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

This requirement ensures that the transferee is fully equipped to continue fulfilling the Development Rights without interruption. By ensuring the proper transfer or acquisition of necessary licenses and agreements, Cream aims to maintain operational standards and legal compliance across all its franchise locations.

Prospective franchisees should be aware of these requirements, as failing to comply with them could delay or prevent the transfer of Development Rights. It is important to maintain accurate records of all business licenses and agreements and to understand the specific steps required to transfer or obtain them in accordance with Cream's System Standards.