factual

In the Anago assignment agreement, are the parties relying on any statements or representations not contained in the assignment?

Anago Franchise · 2025 FDD

Answer from 2025 FDD Document

Each party declares that the terms of this Assignment have been completely read and are fully understood and voluntarily accepted by each party, after having a reasonable opportunity to retain, and confer with counsel.

This Assignment is entered into after a full investigation by the parties, and the parties are not relying upon any statements or representations not contained in this Assignment.

Source: Item 23 — RECEIPTS (FDD pages 62–298)

What This Means (2025 FDD)

According to Anago's 2025 Franchise Disclosure Document, the parties to the assignment agreement are explicitly stating that they are not relying on any statements or representations that are not included within the assignment agreement itself. This declaration is made after the parties confirm they have fully read, understood, and voluntarily accepted the terms of the assignment, with a reasonable opportunity to consult with legal counsel. This clause is designed to limit future disputes by ensuring all parties acknowledge that their decisions are based solely on the written terms of the assignment.

For a prospective Anago franchisee, this means that any verbal promises, assurances, or understandings that are not written into the assignment agreement are not legally binding. It is crucial for franchisees to ensure that all material terms and conditions are documented in the agreement before signing. This protects the franchisee from potential misunderstandings or unfulfilled promises made outside the formal contract.

This type of clause is common in franchise agreements to provide clarity and prevent reliance on extraneous information. Franchisees should take this clause seriously and seek legal advice to review the assignment agreement thoroughly. They should also document any discussions or representations made by Anago during the negotiation process to ensure these are incorporated into the final agreement. This will help avoid any future disputes based on undocumented claims.

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.