Which section of the Itan Franchise Agreement outlines the conditions for transfer of the Itan franchise?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| t. Transfer | FA: 19 ADA: 8 | Item 17 | | | y. Franchise Owner Agreement (brand protection covenants, transfer restrictions and financial assurance for owners and spouses) | FA: 9 & ATTACHMENT "D" ADA: 7 | Item 15 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 22–31)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the conditions for transferring an Itan franchise are detailed in Section 19 of the Franchise Agreement. Item 17 of the FDD also contains information regarding the transfer of the franchise.
This means that if a franchisee wishes to sell their Itan franchise to someone else, or transfer ownership for any reason, they must adhere to the stipulations outlined in Section 19 of the Franchise Agreement. Prospective franchisees should carefully review this section to understand the requirements and restrictions associated with transferring their franchise.
Understanding these conditions is crucial for franchisees planning their exit strategy or considering future business transitions. Itan also requires adherence to brand protection covenants, transfer restrictions, and financial assurance for owners and spouses as outlined in FA 9 and Attachment D.