For an Itan Permitted Transfer, how much prior notice must be given to Itan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- **19.3.
Permitted Transfers.** You may engage in a Permitted Transfer without our prior approval, but you must: (a) give us at least 10 days' prior notice; and (b) upon our request, cause the former Franchisee Entity to sign a corporate guarantee in the format we require to secure performance of the new Franchisee Entity's financial obligations under all Definitive Agreements (if the Permitted Transfer results in a new Franchisee Entity).
You and the Owners (and transferee) must sign all documents we reasonably request to effectuate and document the Permitted Transfer.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, a franchisee must provide Itan with at least 10 days' prior notice before engaging in a Permitted Transfer. This notification allows Itan to prepare for the transfer and ensure a smooth transition.
In addition to providing the required notice, the franchisee may be required to have the former Franchisee Entity sign a corporate guarantee. This guarantee would be in a format required by Itan to secure the performance of the new Franchisee Entity's financial obligations under all Definitive Agreements, but only if the Permitted Transfer results in a new Franchisee Entity.
The franchisee and the owners, along with the transferee, must also sign all documents that Itan reasonably requests to effectuate and document the Permitted Transfer. This ensures that all parties are aligned and that the transfer is properly recorded and legally sound.