In the event of death or disability of a Focalpoint Coaching franchisee or their managing owner's representative, what is the deadline to either assign the franchise or terminate the Franchise Agreement?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN | SUMMARY |
|---|---|---|
| p. Death or disability | Sections 12.E | Your or your managing owner’s representative |
| of franchisee | ||
| and 14.A of | must within 12 months either (i) assign the | |
| Franchise | franchise or an ownership interest in you to | |
| Agreement | approved party or (ii) terminate the Franchise Agreement. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 43–48)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, in the event of the death or disability of the franchisee or their managing owner’s representative, there is a 12-month period to either assign the franchise to an approved party or terminate the Franchise Agreement.
This means that the franchisee's estate or representative has one year to decide whether to sell the franchise to someone who meets Focalpoint Coaching's approval standards or to end the agreement. This provides a window for the franchisee's family or estate to handle the business affairs and make appropriate arrangements.
It is important to note that the assignment is subject to Focalpoint Coaching's approval, ensuring that the new franchisee meets their standards. If an assignment is not feasible or desirable, the Franchise Agreement can be terminated, which would involve the obligations outlined in the agreement.