What is the minimum notice period Dog Haus must provide to the Area Developer in the 'Take-Along Notice'?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor shall exercise this Take-Along Right to compel the sale of the Take-Along Assets by Area Developer by providing Area Developer with written notice (the "Take-Along Notice") setting forth the time and place of the closing of the Capital Event, which time and place shall not be less than thirty (30) days after the date of the Take-Along Notice, and the expected price and form of consideration to be paid for the Take-Along Assets at the closing.
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, if a Capital Event occurs, Dog Haus has the right to compel the Area Developer to sell the assets of any or all Dog Haus Restaurants. To exercise this right, Dog Haus must provide the Area Developer with a written 'Take-Along Notice'.
The 'Take-Along Notice' must specify the time and place of the closing of the Capital Event. The closing date must be at least thirty (30) days after the date of the 'Take-Along Notice'. The notice must also include the expected price and form of consideration to be paid for the Take-Along Assets at the closing.
This means that Dog Haus must give the Area Developer at least 30 days' notice before requiring them to sell their Dog Haus Restaurants' assets as part of a Capital Event. This provides the Area Developer with a limited window to prepare for the sale and understand the terms of the transaction.