What agreement must the proposed Dryject transferee execute?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (vii) The proposed transferee executes or, in appropriate circumstances, causes all necessary parties to execute Our then-current standard form of franchise agreement (provided that such execution will not serve to extend the then remaining Term of the franchise) and such other then-current ancillary agreements being required by Us of new franchisees on the date of transfer;
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, a proposed transferee must execute Dryject's then-current standard form of franchise agreement. This agreement must be the same form that Dryject requires of new franchisees on the date of the transfer. However, the execution of this new agreement will not extend the remaining term of the original franchise agreement.
This requirement ensures that the new franchisee is bound by the most up-to-date terms and conditions that Dryject imposes on all its franchisees. It also allows Dryject to maintain uniformity within its franchise system.
In addition to the franchise agreement, the transferee may also be required to execute other ancillary agreements that Dryject requires of new franchisees at the time of transfer. This could include agreements related to confidentiality, non-competition, or other operational aspects of the business. A prospective franchisee should inquire about what specific ancillary agreements are currently in use.