What specific section of the My Salon Suite Franchise Agreement addresses the transfer of the franchise?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
Attachment I: Transfer Addendum
- **F.
Transfer to a Corporation or Limited Liability Company**.
(10) The transferee must obtain, within the time limits set by Franchisor, and maintain thereafter, all permits, and licenses required for the operation of the Franchised Business;
(11) To the extent required by the terms of any leases or other agreements, the lessor or other parties must have consented to the proposed transfer;
(12) The transfer must be made in compliance with any laws that apply to the transfer, including state and federal laws governing the offer and sale of franchises;
(13) The purchase price and terms of the proposed transfer are not so burdensome to the prospective transferee as to impair or materially threaten its future operation of the Franchised Business and performance under its franchise agreement;
(14) (a) Franchisee has corrected any existing deficiencies of the Franchised Business of which Franchisor has notified Franchisee on a punch list or in other communications, and/or (b) the transferee agrees (if the transfer is of this Agreement) to upgrade, remodel, expand and/or refurbish the Franchised Business and to add or replace services, equipment, and/or other items required to operate the Franchised Business, in accordance with Franchisor's then current requirements and specifications for My Salon Suite Franchised Businesses within the time period Franchisor specifies following the effective date of the transfer;
(15) Franchisee must request that Franchisor provide the prospective transferee with Franchisor's current form of disclosure document and Franchisor shall not be liable for any representations not included in the disclosure document;
(16) Franchisor's approval of the transfer shall not constitute a waiver of any claims Franchisor may have against the transferring party;
(17) Franchisor shall have the right to disclose to any prospective transferee such revenue reports and other financial information concerning Franchisee and Franchisee's Franchised Business as Franchisee has supplied Franchisor hereunder; and
(18) In any event, Franchisor may withhold or condition Franchisor's consent to any transfer as Franchisor deems appropriate based on the circumstances of the transfer or otherwise.
Source: Item 23 — RECEIPTS (FDD pages 95–230)
What This Means (2025 FDD)
According to the 2025 My Salon Suite Franchise Disclosure Document, Attachment I is the Transfer Addendum to the franchise agreement. Additionally, section F discusses transfers to a corporation or limited liability company.
Item 23 lists several conditions that must be met for a transfer to be approved. These include the transferee obtaining all necessary permits and licenses, the lessor consenting to the transfer if required by leases, and compliance with all applicable laws. The purchase price and terms of the transfer must not be overly burdensome to the transferee's future operations. My Salon Suite also requires any existing deficiencies to be corrected, or the transferee must agree to upgrade the business to current standards.
My Salon Suite requires the franchisee to request that they provide the prospective transferee with the current form of the disclosure document. The franchisor is not liable for any representations not included in that document. Approval of the transfer does not waive any claims My Salon Suite may have against the transferring party. My Salon Suite has the right to disclose revenue reports and financial information about the franchisee to any prospective transferee. Ultimately, My Salon Suite may withhold or condition consent to any transfer as deemed appropriate.