What form of agreement does the assignee of an Expense Reduction Analysts franchise need to execute?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
- (5) At the option of the Franchisor, the assignee executes a franchise agreement in the form then used by the Franchisor for ERA Businesses, or a deed of assignment of this Agreement in a form required by the Franchisor;
- (6) The assignee executes any other documents then customarily used by the Franchisor for ERA Businesses;
- (7) The assignee successfully completes at his cost the Franchisor's Foundational Training Program for new ERA Businesses and pays the costs of the other services, including coaching, normally provided to new ERA consultants (see Training Fee under Section 12 in the Data Sheet);
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, if a franchisee seeks to assign their franchise to another party, the assignee may be required to execute certain agreements. Specifically, at Expense Reduction Analysts' option, the assignee may have to execute either a franchise agreement that is then in use by Expense Reduction Analysts for new franchises, or a deed of assignment of the existing agreement in a form required by Expense Reduction Analysts.
In addition to one of the above agreements, the assignee must also execute any other documents that Expense Reduction Analysts customarily uses for new franchises. This implies that there could be additional paperwork beyond the primary franchise agreement or deed of assignment.
It is important to note that the assignee must also successfully complete Expense Reduction Analysts' foundational training program for new franchisees at their own cost. They must also pay for other services, including coaching, that are normally provided to new consultants. This ensures that the assignee is properly trained and prepared to operate the Expense Reduction Analysts franchise according to the franchisor's standards.