Which section of the Focus Cfo Franchise Agreement discusses assignment of contract by Focus CFO?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| convicted of a misdemeanor offense involving moral turpitude; (ix) you fail to comply with any applicable federal, state or local regulations or laws relating to the Franchise, the CFO Services or Focus CFO's business. With respect to a Transfer of the Franchisee's Book of Business, the Franchise Agreement will immediately terminate twelve (12) months from the date of transfer if not terminated earlier. Focus CFO is not required to give you prior notice or the right to cure for these events. | ||
| i. Your obligations on termination/non-renewal | Sections 11, 13, 15 | Return of all information, including confidential and proprietary information, including without limitation that related to our clients, potential clients, standard documents or templates, bulk marketing materials, policies or procedures, clients or contacts, including original materials, photocopies, databases, computer files that you receive either from Focus CFO, directly or indirectly, including from our service providers, or from our clients or prospective clients. Comply with non-solicitation and non-compete clauses. Not use or disclose Focus CFO confidential information. Indemnify Focus CFO for breaches, untrue representations, negligence or intentional misconduct. |
| j. Assignment of | Section 12 | No restriction on Focus CFO's right to assign. |
| contract | ||
| by Focus CFO |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 27–32)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, Section 12 of the Franchise Agreement addresses the assignment of the contract by Focus Cfo. The FDD indicates that Focus Cfo faces no restrictions on its right to assign the franchise agreement.
This means that Focus Cfo has the freedom to transfer its rights and obligations under the Franchise Agreement to another party without needing the franchisee's consent. This is a standard practice in many franchise agreements, allowing the franchisor flexibility in business operations, potential mergers, acquisitions, or other strategic changes.
For a prospective Focus Cfo franchisee, this clause implies that the relationship with Focus Cfo could potentially be transferred to a different entity during the term of the agreement. While the terms of the franchise agreement should remain the same, the new entity could have a different management style or business approach. It is important for a potential franchisee to consider this possibility and ensure they are comfortable with the potential for a change in franchisor.