If Dog Haus elects to purchase the rights proposed to be assigned, what is the deadline for closing?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
- If Franchisor or its nominee elects to purchase or acquire the rights, assets, equity or interests proposed to be assigned to the Proposed Buyer, the closing shall take no later than sixty (60) days following the date that the Purchase Notice was issued by Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, if Dog Haus elects to purchase the rights, assets, equity, or interests proposed to be assigned, the closing must occur no later than sixty days following the date that Dog Haus issued the Purchase Notice.
This means that once Dog Haus notifies the Area Developer or Proposed Buyer of its intent to purchase the rights, the closing of the transaction must be completed within 60 days. This timeframe allows for the necessary legal and financial arrangements to be finalized.
It is important for prospective franchisees to understand these timelines, as they dictate the speed at which a potential sale or transfer of rights can occur if Dog Haus decides to exercise its right to purchase the rights being assigned. This can impact the franchisee's plans for selling or transferring their business.