Can Pump It Up assign its right of first refusal to another party?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
The terms, covenants, and conditions contained herein shall bind Franchisee, and inure to the benefit of Franchisor, and their respective successors and assigns.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the terms, covenants, and conditions of the franchise agreement will benefit the franchisor and their assigns. This means Pump It Up can transfer its rights and obligations, including any right of first refusal, to another party.
For a prospective franchisee, this indicates that the relationship with the franchisor could change if the franchise agreement is assigned to a new entity. The new entity would then have the right to make decisions about the franchise.
It is important for a franchisee to understand that Pump It Up has the ability to transfer its rights and obligations to another party, which could impact the operation and management of their franchise.