When renewing or transferring a Deer Solution franchise, what document must a franchisee sign?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
fficers, directors, shareholders, members, partners, agents, representatives, independent contractors, servants, and employees, of any and all claims against Franchisor for matters arising on, or before, the effective date of the Transfer;
- (7) If the proposed Transfer includes or entails the Transfer of this Agreement, substantially all of the assets of the Franchised Business, a controlling interest in Franchisee, or is one of a series of
Transfers which in the aggregate Transfers substantially all of the assets of the Franchised Business or a controlling interest in Franchisee, then, at the election of Franchisor and upon notice from Franchisor to Franchisee, the transferee may be required to execute (and/or, upon Franchisor's request, shall cause all interested parties to execute) for a term ending on the expiration date of the original Term of this Agreement, the then current standard form Franchise Agreement offered to new franchisees of Deer Solution Businesses and any other agreements as Franchisor requires.
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, in the event of a transfer that involves substantially all of the franchise's assets or a controlling interest, Deer Solution has the option to require the transferee to sign the then-current standard form Franchise Agreement. This agreement would be for a term ending on the original agreement's expiration date. Additionally, Deer Solution may require the transferee and all interested parties to execute other agreements as deemed necessary by Deer Solution.
This new agreement would supersede the original Franchise Agreement in all respects. While the terms of the new agreement may differ, it must maintain the same Royalty Fee, Advertising Contributions, and all other financial obligations as the original agreement. This ensures that while the operational terms might change to reflect current standards, the financial commitments remain consistent with what the original franchisee agreed to.
In addition to the new Franchise Agreement, the transferee's employees, directors, officers, independent contractors, and agents who will have access to confidential information must execute the Confidentiality Agreement attached as Exhibit 2 to the Franchise Agreement. This ensures that all parties with access to sensitive information are bound by confidentiality obligations, protecting Deer Solution's trade secrets and proprietary information. This requirement is standard practice in franchising to maintain brand consistency and protect the franchisor's interests.