In the event of the death of a Learningrx franchisee, how long do the legal representatives have to transfer the rights?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon the death of an individual Franchisee, the rights granted by this Agreement may pass (without payment of any Transfer Fee) to the next of kin or legatees, provided that Franchisee's legal representatives will within one hundred twenty (120) calendar days of Franchisee's death
apply in writing to Franchisor for the right to transfer to the next of kin or legatee Franchisee's rights under this Agreement. Franchisor will not unreasonably withhold permission so long as the proposed transferees meet each of the then-current requirements of franchisees.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, in the event of the death of a franchisee, the legal representatives have 120 calendar days to apply in writing to Learningrx for the right to transfer the franchisee's rights under the Franchise Agreement to the next of kin or legatee.
Learningrx states that it will not unreasonably withhold permission for the transfer, provided that the proposed transferees meet the then-current requirements of franchisees. This means that the individuals inheriting the franchise must satisfy Learningrx's standards for franchisees at the time of the transfer.
This provision allows for the continuation of the Learningrx franchise business by the franchisee's family or designated beneficiaries, avoiding immediate termination and potential loss of value. However, it's crucial that the legal representatives act promptly within the 120-day timeframe and ensure the proposed transferees meet Learningrx's requirements to secure the transfer.