What is the name of the agreement between Anago Franchising, Inc. and Corp Name?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
Between
ANAGO FRANCHISING, INC., a Florida corporation (Franchisor)
CORP NAME. a State [corporation or limited liability company] (Subfranchisor)
NBDS LICENSE AGREEMENT
THIS NBDS LICENSE AGREEMENT ("Agreement") is signed on ______________, between Anago Franchising, Inc., a Florida corporation (the "Franchisor"), and Corp Name, (the "Subfranchisor").
| THIS SECURITY AGREEMENT is entered into, on this date, |
|---|
| by and between Corp. Name located |
| at address |
| (Debtor), and Anago Franchising, Inc. (Secured |
| Party). |
BACKGROUND
- A. Anago Cleaning Systems, Inc. ("ACS"), a Florida corporation, owns a distinctive System, including certain Proprietary Property and Proprietary Marks, to be used in the operation of commercial service businesses providing janitorial and other approved services under the trade name "Anago." ACS has granted a license to Anago Franchising, Inc. ("AFI" or "Franchisor"), a Florida corporation, to sublicense the use of the System to subfranchisors and their franchisees.
- B. We and AFI entered into a subfranchise rights agreement (the "Subfranchise Rights Agreement") under which AFI granted Us the right to operate as an Anago subfranchisor and to grant Anago Unit Franchises in the state of State, in the counties of territory (our "Subfranchise Territory").
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, there are two agreements listed between Anago Franchising, Inc. and Corp Name: the NBDS License Agreement and the Security Agreement. The NBDS License Agreement is between Anago Franchising, Inc. and Corp Name, identified as the Subfranchisor.
Additionally, a Security Agreement exists between Corp Name as the Debtor and Anago Franchising, Inc. as the Secured Party. These agreements outline the legal and financial relationship between Anago and its subfranchisors.
Furthermore, Anago Cleaning Systems, Inc. grants a license to Anago Franchising, Inc. to sublicense the use of its system to subfranchisors and their franchisees. Anago Franchising, Inc. and Corp Name enter into a Subfranchise Rights Agreement, granting Corp Name the right to operate as an Anago subfranchisor and to grant Anago Unit Franchises within a specific territory.
Prospective franchisees should carefully review both the NBDS License Agreement and the Security Agreement to understand their rights, obligations, and the overall structure of the Anago franchise system.