In the event of death or disability, how long does the executor have to transfer the Hydrodog franchise interest?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon your death or disability or, if you are a Business Entity, the death or disability of the owner of a controlling interest in you, your or such owner's executor, administrator, conservator, guardian or other personal representative must transfer your interest in this Agreement or such owner's interest in you to a third party.
Such disposition of this Agreement or the interest in you (including, without limitation, transfer by bequest or inheritance) must be completed within a reasonable time, not to exceed 6 months from the date of death or disability, provided that we may extend this period for up to an additional 6 months upon written request showing good cause for such extension, and will be subject to all of the terms and conditions applicable to transfers contained in this Section.
A failure to transfer your interest in this Agreement or the ownership interest in you within this period of time constitutes a breach of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to the 2025 Hydrodog Franchise Disclosure Document, in the event of the franchisee's death or disability, or the death or disability of the owner of a controlling interest if the franchisee is a business entity, the executor, administrator, conservator, guardian, or other personal representative has a limited time to transfer the franchise interest.
The FDD states that the disposition of the franchise agreement or the interest in the business must be completed within a reasonable time, not exceeding 6 months from the date of death or disability. However, an extension of up to an additional 6 months may be granted by Hydrodog upon written request demonstrating good cause. This means that under normal circumstances, the representative has half a year to handle the transfer, but could potentially have up to a full year if an extension is approved.
Failure to transfer the interest within the specified timeframe constitutes a breach of the franchise agreement. This underscores the importance of having a succession plan in place and communicating with Hydrodog in a timely manner should death or disability occur. Franchisees should be aware of these stipulations and ensure their legal representatives are informed to avoid any unintentional breach of contract.