What agreement must a proposed transferee enter into to assume the Face Foundrie franchisee's duties and obligations?

According to Face Foundrie's 2025 Franchise Disclosure Document, a proposed transferee must enter into a written agreement to assume and perform all of the franchisee's duties and obligations under the existing franchise agreement. Alternatively, Face Foundrie may require the transferee to execute the form of franchise agreement then being offered to new franchisees, along with any other ancillary agreements required by Face Foundrie for the franchised Facial Bar.

This new agreement, if required, would supersede the original agreement and its ancillary documents in all respects. The terms of the new agreement may differ from the original, potentially including higher or additional fees. This ensures that the transferee is fully bound by the current standards and requirements of the Face Foundrie franchise system.

In addition to the agreement mentioned above, the transferee may also need to meet certain qualifications, such as demonstrating that the transfer does not place an unreasonable financial or operational burden on them. They may also need to meet Face Foundrie's then-current application qualifications, which can include educational, managerial, and business standards, as well as demonstrating good moral character, business reputation, and credit rating. The transferee must also show they have the aptitude and ability to operate the Facial Bar, no conflicting interests, and adequate financial resources and capital.