Who is considered a third-party beneficiary of the All States M.E.D. franchise agreement?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Anything to the contrary notwithstanding, nothing in this Agreement is intended, nor shall be deemed, to confer upon any person or legal entity other than Franchisor or Franchisee, and their respective successors and assigns as may be contemplated by this Agreement, any rights or remedies under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, the franchise agreement explicitly states that it does not confer any rights or remedies to any third-party beneficiaries. The agreement is intended to benefit only All States M.E.D. and the franchisee, along with their respective successors and assigns as outlined in the agreement. This means that no other individual or entity can claim rights or remedies under the franchise agreement.
This provision is a standard legal protection for franchisors. It prevents outside parties from claiming they were harmed or are owed something based on the agreement between All States M.E.D. and the franchisee. For example, a supplier to the franchisee, or a customer, cannot use the franchise agreement as a basis for a legal claim against All States M.E.D.
As a prospective franchisee, it is important to understand that the agreement is solely between you and All States M.E.D. and that you cannot assign rights to others unless specifically allowed in the agreement. This clause reinforces the limited scope of the contractual relationship.