What is the Hck Hot Chicken franchisee required to include in their request for consent to assignment?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Without waiving any other rights provided for herein or otherwise, Franchisor hereby waives its ROFR if the proposed transferee/assignee is an immediate family member of Franchisee;
(d) The Franchisee shall not be in default under the terms of this Agreement (or any other related agreement), the HCK Hot Chicken Brand Standards Manual or any other obligations owed Franchisor, and all of its then-due monetary obligations to Franchisor shall have been paid in full;
(e) The Franchisee, and its Owners, if the Franchisee is an Entity, shall execute a general release under seal, in a form prescribed by Franchisor, of any and all claims against Franchisor, its Affiliates, Owner(s), directors, officers, agents and employees;
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
Based on the 2025 Hck Hot Chicken Franchise Disclosure Document, a franchisee seeking to assign their franchise must meet several conditions to obtain the franchisor's consent. The franchisee must not be in default of the franchise agreement, any related agreements, the HCK Hot Chicken Brand Standards Manual, or any other obligations to Hck Hot Chicken. Additionally, all monetary obligations due to Hck Hot Chicken must be paid in full.
Furthermore, if the franchisee is an entity, both the franchisee and its owners must execute a general release, in a form prescribed by Hck Hot Chicken, releasing any and all claims against Hck Hot Chicken, its affiliates, owners, directors, officers, agents, and employees. This release must be under seal.
Finally, Hck Hot Chicken retains a right of first refusal (ROFR). If the franchisee intends to sell the franchise, Hck Hot Chicken has the option to purchase it themselves or designate a third party to do so. However, Hck Hot Chicken waives its ROFR if the proposed transferee/assignee is an immediate family member of the franchisee.