Under what conditions might the simultaneous transfer requirement be waived by Face Foundrie?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.3 Simultaneous Transfers*.* Area Developer understands and acknowledges that any consent to a transfer of this Agreement shall, unless waived, be conditioned on, among other factors, the requirement that the proposed transfer of this Agreement is to be made in conjunction with a simultaneous transfer of all Franchise Agreements executed pursuant to this Agreement to the same approved transferee.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, any consent to a transfer of the Area Development Agreement is generally conditioned on the simultaneous transfer of all Franchise Agreements executed under it to the same approved transferee. However, Face Foundrie may waive this requirement.
The FDD does not specify the exact conditions under which Face Foundrie might waive the simultaneous transfer requirement. It only states that the requirement may be waived among other factors when considering a transfer of the Area Development Agreement.
A prospective Face Foundrie franchisee should seek clarification from the franchisor regarding the specific circumstances under which a waiver of the simultaneous transfer requirement might be granted. Understanding these conditions is crucial for planning future business decisions and potential exit strategies.