Does Engineering For Kids have the right to communicate with a proposed buyer during a transfer?
Engineering_For_Kids Franchise · 2025 FDDAnswer from 2025 FDD Document
We have the right to communicate with and counsel both you and the proposed transferee on any aspect of a proposed Transfer. You may not complete a Transfer that requires our consent until at least sixty (60) days after we receive written notice of the proposed Transfer. You agree to provide any information and documentation relating to the proposed Transfer that we reasonably require.
Source: Item 23 — RECEIPTS (FDD pages 53–138)
What This Means (2025 FDD)
According to Engineering For Kids's 2025 Franchise Disclosure Document, Engineering For Kids has the right to communicate with a proposed buyer during a transfer. Specifically, Engineering For Kids has the right to communicate with both the seller (the franchisee) and the proposed buyer (the transferee) regarding any aspect of the proposed transfer.
Engineering For Kids requires written notice of any proposed transfer at least sixty days before the transfer is completed. This allows Engineering For Kids ample time to evaluate the proposed transferee and ensure they meet the brand's standards. The franchisee must provide all information and documentation related to the proposed transfer that Engineering For Kids reasonably requires.
This communication and evaluation period is crucial for Engineering For Kids to protect its brand and ensure that any new franchisee is qualified and capable of maintaining the standards of the Engineering For Kids system. It also allows Engineering For Kids to counsel both parties on the implications of the transfer and any potential issues that may arise. This process helps to ensure a smooth transition and continued success for the Engineering For Kids franchise.