Under the Conditional Assignment of Telephone Numbers agreement, what must the Assignor do upon termination or expiration of their Anago Subfranchise Rights Agreement?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
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- This conditional agreement will become effective automatically upon termination or expiration of Assignor's SRA. Upon the occurrence of one of these conditions, Assignor must do all things required by Assignee and the telephone company to assure the effectiveness of the assignment of telephone numbers as if the Assignee had been originally issued such telephone numbers, listings and the usage thereof.
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- Assignor agrees to pay the telephone and listing companies on or before the effective date of assignment, all amounts owned for the use and listing of the telephone number(s), including, without limitation, Yellow Pages advertising. Assignor further agrees to indemnify Assignee for any sums Assignee must pay the telephone and listing companies to effectuate this Agreement, and agrees to fully cooperate with Assignee and the telephone company in effectuating the assignment.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, upon termination or expiration of the Anago Subfranchise Rights Agreement (SRA), the Assignor (former subfranchisee) must take specific actions to ensure the telephone numbers used for the Anago business are properly transferred to Anago Franchising, Inc.
Specifically, the Assignor must complete all actions required by Anago and the telephone company to facilitate the transfer of the telephone numbers. This includes ensuring that the assignment of telephone numbers, listings, and their usage is as effective as if Anago had originally been issued these items.
Additionally, the Assignor is responsible for paying all outstanding amounts owed to the telephone and listing companies for the use and listing of the telephone numbers, including any Yellow Pages advertising, up to the effective date of the assignment. The Assignor must also indemnify Anago for any costs Anago incurs to effectuate the agreement and fully cooperate with both Anago and the telephone company to complete the assignment.