Under the Anago assignment agreement, do the persons executing the assignment on behalf of the Assignee acknowledge their authority to do so?

According to Anago's 2025 Franchise Disclosure Document, the persons executing the assignment on behalf of the Assignee acknowledge their authority to do so. This acknowledgement is a standard legal practice to ensure that the individuals signing the agreement have the power and right to bind the Assignee to the terms of the assignment.

This provision helps to prevent future disputes regarding the validity of the assignment. By explicitly stating that the persons signing on behalf of the Assignee have the authority to do so, Anago aims to ensure that the agreement is legally sound and enforceable. This is a protective measure for all parties involved, including the Assignor, Assignee, and Anago itself.

For a prospective Anago franchisee, this clause means that if they are taking over an existing franchise (becoming the Assignee), the individuals signing the assignment agreement on their behalf (such as corporate officers, if the franchisee is a corporation) must confirm they have the legal authority to do so. This may require providing documentation or resolutions demonstrating their authority to act on behalf of the Assignee. It is important for the franchisee to ensure that the correct individuals with proper authorization are executing the assignment agreement to avoid any legal complications down the line.