What documents constitute the entire agreement between the parties regarding the Anago subfranchise agreement assignment?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
THISCOLLATERAL ASSIGNMENT OFCLIENT ACCOUNTS this ("Collateral Assignment") is made by and among Anago Franchising, Inc. ("AFI"), and Corp Name ("Subfranchisor").
WHEREAS, Subfranchisor and its Clients are parties to a certain Anago services contract for janitorial and, as applicable, other facilities-related services (the "Client Accounts");
WHEREAS, Subfranchisor and AFI are parties to a Subfranchise Rights Agreement dated, ____________________, (the "Subfranchise Agreement"), whereby Subfranchisor was granted the right to operate an "Anago Subfranchise Business" within a designated area; and
WHEREAS, as a condition to AFI entering into the Subfranchise Agreement, AFI has required that Subfranchisor, and Subfranchisor has agreed to, assign its right, title and interest in the Client Accounts to AFI, with the right to reassign to an authorized Anago subfranchisor, as security for Subfranchisor's obligations and AFI's rights under the Subfranchise Agreement.
NOW THEREFORE, in consideration of the foregoing and the mutual promises contained herein and in the Subfranchise Agreement, and in order to secure Subfranchisor's obligations and AFI's rights under the Subfranchise Agreement, the parties agree as follows:
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the entire agreement between Anago Franchising, Inc. (AFI) and the subfranchisor regarding the collateral assignment of client accounts is detailed within two key documents: the Collateral Assignment of Client Accounts and the Subfranchise Agreement.
The Collateral Assignment of Client Accounts outlines the specifics of the assignment, including the subfranchisor's assignment of rights, title, and interest in the Client Accounts to AFI as security for the subfranchisor's obligations and AFI's rights under the Subfranchise Agreement. This assignment is conditional, as the subfranchisor retains rights to the Client Accounts until AFI declares a default under the Subfranchise Agreement.
The Subfranchise Agreement, dated as specified in the Collateral Assignment, establishes the subfranchisor's right to operate an Anago Subfranchise Business within a designated area. The Collateral Assignment is explicitly made as a condition of AFI entering into the Subfranchise Agreement, ensuring that the client accounts serve as collateral. Both documents, read together, define the complete understanding regarding the assignment of client accounts and its role in securing the subfranchisor's obligations to Anago.