factual

Where in the Mr. Sandless franchise agreement can I find information about sale or assignment?

Mr_Sandless Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee agrees that at any time after the date of this Agreement, Franchisee will perform such acts and execute and deliver such documents as may be necessary to assist in or accomplish the purposes of this Agreement.

  • 3.5 Successors, Assigns, and Affiliates.

All Franchisor's rights and powers, and all Franchisee's obligations, under this Agreement shall be binding on Franchisee's successors, assigns, and affiliated persons or entities as if they had duly executed this Agreement.

Source: Item 22 — CONTRACTS (FDD page 42)

What This Means (2025 FDD)

Based on the 2025 Mr. Sandless Franchise Disclosure Document, Section 3.5 of the franchise agreement addresses successors, assigns, and affiliates. It states that all of the franchisor's rights and powers, as well as all of the franchisee's obligations, are binding on the franchisee's successors, assigns, and affiliated persons or entities as if they had duly executed the agreement.

This clause ensures that if the franchisee sells or assigns the Mr. Sandless franchise to another party, that new party is bound by the original franchise agreement. It also extends the obligations to affiliated persons or entities, which could include family members or business partners involved in the franchise. This provision protects Mr. Sandless by ensuring that the standards and obligations of the franchise system are maintained even if the ownership changes.

For a prospective Mr. Sandless franchisee, this means that if they plan to sell their franchise in the future, the terms of the original agreement will continue to apply to the new owner. It is important to understand all the terms and conditions of the franchise agreement before signing, as these will be binding on any future owners or affiliates. Franchisees should seek legal counsel to fully understand the implications of this clause and how it may affect their ability to sell or transfer the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.