Which item in the Crowne Plaza Disclosure Document discusses transfer?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Obligation | Section In | Item in | |
|---|---|---|---|
| Agreement | Disclosure Document | ||
| p. Indemnification | License: 8.A MTSS: 2.1 | Item 6 | |
| q. Owner's participation/ | License: 9.H | Items 6, 11 & 15 | |
| management/staffing | |||
| r. Records/reports | License: 7 | Item 6 | |
| s. Inspections/audits | License: 3.A, 7.C & 13.J MTSS: 12 | Items 6 & 11 | |
| t. Transfer | License: 9 | Item 17 | |
| u. Renewal | None | Item 17 | |
| v. Post-termination obligations | License: 11.D & E MTSS: 13.1 & Attachment 4-1 to Schedule 4 | Item 17 | |
| w. Non-competition covenants | License: 3.A (14) | Items 16 & 17 | |
| x. Dispute resolution | License: 13.A-E, H & I MTSA: 2.1 | Item 17 | |
| y. Other: Capital Reserve1 | License: 13.O and 3.A(7)(i) | Item 6 | |
| z. Other: Guaranty | Attached to the License | Item 15 |
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 69–81)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, Item 17 discusses transfer. Specifically, the table provided in Item 11 cross-references the 'Transfer' obligation to 'License: 9' and indicates that further details can be found in Item 17 of the Disclosure Document.
This means that prospective Crowne Plaza franchisees can find information regarding the conditions, restrictions, and procedures for transferring their franchise to another party in Item 17. This is a crucial aspect of the franchise agreement, as it outlines the franchisee's rights and responsibilities if they decide to sell their business or transfer ownership for any reason.
Understanding the transfer terms is essential for any potential franchisee, as it can significantly impact the value and liquidity of their investment. Item 17 will likely cover topics such as the franchisor's approval process, transfer fees, training requirements for the new owner, and any other conditions that must be met for the transfer to be approved. Franchisees should carefully review this section to fully understand their options and obligations regarding franchise transfer.