table_specific

Where in the Dryject FDD can I find information about the franchisor's right of first refusal?

Dryject Franchise · 2025 FDD

Answer from 2025 FDD Document

STATE REGULATORY AUTHORITIES
SOUTH DAKOTA
23. INDEMNIFICATION; INSURANCE 33
24. BUSINESS ORGANIZATION AND PERSONAL GUARANTY(S) 35
25. COVENANTS OF NON-SOLICITATION, NON-DISCLOSURE 36
AND NON-COMPETITION
26. CONFIDENTIALITY 39
27. NON-DISCLOSURE, NON-SOLICITATION
AND NON-COMPETITION AGREEMENTS 40
28. ASSIGNMENT; CONDITIONS AND LIMITATIONS 40
29. DEATH, DISABILITY OR PERMANENT INCAPACITY OF FRANCHISEE 43
30. OPERATION OF FRANCHISED BUSINESS IN THE EVENT OF ABSENCE, 43
INCAPACITY OR DEATH
31. FRANCHISOR RIGHT OF FIRST REFUSAL 44
32. TERMINATION 45
33. STEP IN RIGHTS 49
34. CROSS-DEFAULT 49
35. OBLIGATIONS OF FRANCHISEE UPON TERMINATION OR EXPIRATION 50
36. NOTICES 51
37. DISPUTE RESOLUTION 52
38. REMEDIES 54
39. REMEDIES CUMULATIVE 55
40. LIMITATIONS OF CLAIMS 55
41. INJUNCTIVE RELIEF 56
42. DAMAGES AND WAIVER OF JURY TRIAL 56
43. ENFORCEMENT COSTS AND EXPENSES 57
44. NO RIGHT TO SET OFF 57
45. WAIVER 57
46. CONSENTS 57
--- ------------------------------------------------------ ----
47. JOINT AND SEVERAL OBLIGATION 57
48. GOVERNING LAW; CONSENT TO VENUE AND JURISDICTION 58
49. GOVERNING LANGUAGE 58
50. ENTIRE AGREEMENT; MODIFICATION 58
51. SEVERABILITY 59
52. CONSTRUCTION 59
53. HEADINGS 59
54. GENDER 59
55. COUNTERPARTS 59
56. SPECIAL REPRESENTATIONS 59
57. EFFECTIVE DATE 60
SIGNATURES
LIST OF ADDENDA
A Franchisee's Designated Territory
B Notice of Key Employees
C Guaranty Agreement

Source: Item 23 — RECEIPT (FDD pages 50–68)

What This Means (2025 FDD)

According to Dryject's 2025 Franchise Disclosure Document, Item 23 contains a table of contents that lists the location of information regarding the franchisor's right of first refusal. Specifically, "Franchisor Right of First Refusal" is addressed on page 44 of the FDD.

A right of first refusal is a contractual right that gives Dryject the first opportunity to purchase the franchise if a franchisee decides to sell it. This clause allows Dryject to maintain control over who enters the franchise system.

Prospective franchisees should carefully review the terms and conditions outlined on page 44 to understand the circumstances under which Dryject can exercise its right of first refusal, any limitations on the franchisee's ability to sell, and the process for determining a fair price for the franchise in such a scenario.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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