Does the Advanced Mobile Iv And Amiv agreement create any third-party beneficiaries?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
The parties intend to confer no benefit or right on any person or entity not a party to this Agreement and no third party will have the right to claim the benefit of any provision of this Agreement as a third party beneficiary of that provision.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the franchise agreement explicitly states that it does not intend to confer any benefits or rights to individuals or entities that are not parties to the agreement. This means that no third party has the right to claim benefits from any provision within the agreement as a third-party beneficiary.
This clause is designed to protect Advanced Mobile Iv And Amiv from claims by outside parties who might argue they are entitled to certain benefits or rights under the franchise agreement. It clarifies that the agreement is solely for the benefit of the franchisor and the franchisee.
For a prospective franchisee, this means that the agreement is strictly between them and Advanced Mobile Iv And Amiv. No other party can enforce the agreement or claim any rights or benefits from it. This is a standard legal provision to limit liability and ensure that only the parties involved in the contract can make claims under it.