Can Crisp & Green transfer its rights and obligations under the Franchise Agreement?

According to Crisp & Green's 2024 Franchise Disclosure Document, Crisp & Green will not make an assignment except to an assignee who, in Crisp & Green's good faith judgment, is willing and able to assume its obligations under the Agreement. This clause is part of the New York Addendum and applies specifically to franchises offered and sold in New York.

This means that if a Crisp & Green franchisee is located in New York, Crisp & Green can transfer its rights and obligations under the Area Development Agreement to another party. However, Crisp & Green must believe that the party they are transferring the agreement to is capable of fulfilling the obligations outlined in the agreement.

For prospective Crisp & Green franchisees in New York, this provides some assurance that if Crisp & Green were to transfer the agreement, the new party would be vetted for their ability to uphold the obligations. Outside of New York, the FDD does not specify conditions or restrictions on Crisp & Green's ability to transfer the Franchise Agreement.