Can Dermani Medspa assign its right of first refusal to someone else?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has the "right of first refusal", which gives them the right to purchase and acquire a franchised business under various circumstances, as more fully described in the Franchise Disclosure Document. Management does not plan to exercise their right of first refusal.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
The 2025 Dermani Medspa Franchise Disclosure Document states that Dermani Medspa possesses a "right of first refusal," granting them the option to purchase a franchised business under certain conditions. However, the document does not explicitly state whether Dermani Medspa can assign this right to another party.
While the FDD mentions the right of first refusal, it remains silent on the assignability of this right. This means that the FDD does not provide a clear answer as to whether Dermani Medspa can transfer or assign its right of first refusal to another entity or individual.
A prospective franchisee should seek clarification from Dermani Medspa regarding the assignability of the right of first refusal. Specifically, they should ask whether Dermani Medspa has the ability to transfer or assign this right to a third party, and under what circumstances such a transfer or assignment would be permitted.