Does Dryject require a completely executed copy of all transfer documents?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) You acknowledge and agree that the restrictions on transfer imposed herein are reasonable and are necessary to protect Our Franchise System; Our trade secrets and operating procedures; Our general high reputation and image; the Licensed Rights; as well as You and Our other DryJect franchisees. Any assignment or transfer permitted by this Agreement shall not be effective until We receive a completely executed copy of all transfer documents and consent to such transfer in writing. Under no circumstances will You have a right to transfer under this Agreement before the Franchised Business has commenced operations.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to the 2025 Dryject Franchise Disclosure Document, Dryject requires a completely executed copy of all transfer documents before a transfer is deemed effective. Specifically, any assignment or transfer permitted by the franchise agreement is not effective until Dryject receives this documentation and provides written consent. This requirement ensures that Dryject has a complete record of the transfer and can properly assess the new franchisee.
This requirement is in place to protect Dryject's franchise system, trade secrets, operating procedures, reputation, and the rights of existing franchisees. By mandating a review of all transfer documents, Dryject can ensure that the proposed transferee meets their standards for new franchisees. These standards include good reputation, business acumen, operational ability, and financial stability.
For a prospective Dryject franchisee, this means that if they decide to sell their franchise, they must provide Dryject with all necessary transfer documents in a completely executed form. The transfer will not be considered official until Dryject acknowledges receipt of these documents and provides written consent. This process allows Dryject to maintain control over who enters their franchise system and ensures that new franchisees are qualified to uphold the brand's standards.
It is important for franchisees to understand that Dryject's consent to a transfer is subjective and based on several factors, including the transferee's ability to assume all obligations under the franchise agreement, payment of all debts to Dryject, and the transferee meeting all requirements for new franchisees. This process is typical in franchising, as franchisors need to protect their brand and ensure that new franchisees are a good fit for the system.