What is the purpose of the assignment and assumption agreement required by Kitchen Solvers during a transfer?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| and all of your Kitchen Solvers businesses ("telephone numbers"). this assignment, unless we desire to take possession and control over the telephone numbers. | This assignment is effective as of the date of termination of the Franchise Agreement entered into between KS La Crosse Investments, LLC ("us") and ("you"). You hereby irrevocably assign to us or our designee the telephone number or numbers and listings issued to you with respect to each This assignment is for collateral purposes only and we have no liability or obligation of any kind whatsoever arising from |
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| that publishes telephone directories ("telephone companies"), to transfer regarding the telephone numbers. | We hereby are authorized and empowered upon termination of the Franchise Agreement and without any further notice to you to notify the telephone company, as well as any other company the telephone numbers to us or such other person or entity as we designate. You hereby grant to us an irrevocable power of attorney and appoint us as your attorney-in-fact to take any necessary actions to assign the telephone numbers, including but not limited to, executing any forms that the telephone companies may require to effectuate the assignment. This assignment is also for the benefit of the telephone companies, and the telephone companies may accept this assignment and our instructions as conclusive evidence of our rights in the telephone numbers and our authority to direct the amendment, termination or transfer of the telephone numbers, as if they had originally been issued to us. In addition, Franchisee agrees to hold the telephone companies harmless from any and all claims against them arising out of any actions or instructions by KS La Crosse Investments, LLC |
| FRANCHISEE: | KS LA CROSSE INVESTMENTS, LLC |
| By: | By: |
Source: Item 22 — Contracts (FDD page 49)
What This Means (2025 FDD)
Based on the 2025 Kitchen Solvers Franchise Disclosure Document, the assignment and assumption agreement ensures the smooth transfer of telephone numbers and listings from the franchisee to Kitchen Solvers upon termination of the franchise agreement. This agreement allows Kitchen Solvers to maintain consistent contact information for customers and ensures business continuity. The franchisee irrevocably assigns their telephone numbers and listings to Kitchen Solvers or their designee, granting Kitchen Solvers the authority to notify the telephone company and transfer the numbers.
This assignment is effective on the termination date of the Franchise Agreement. It serves as collateral, granting Kitchen Solvers control over the telephone numbers without imposing any liability or obligation on them. Kitchen Solvers is authorized to notify the telephone company and take necessary actions to assign the telephone numbers, including executing required forms.
The agreement also protects the telephone companies by holding them harmless from any claims arising from actions taken by Kitchen Solvers to terminate, transfer, or put the telephone service on referral. This ensures that Kitchen Solvers can manage the telephone numbers and listings without interference, maintaining a seamless transition and preventing any disruption in customer communication.