Under the Anago Unit Franchise Agreement, what right and obligation was granted to the ASSIGNOR?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
BACKGROUND
- A. SUBFRANCHISOR and ASSIGNOR entered into a certain Unit Franchise Agreement dated __________________________ (the "Franchise Agreement"), whereby ASSIGNOR was granted the right and undertook the obligation to operate an Anago Unit Franchise in the area identified in the Franchise Agreement (the "Franchised Unit");
- B. ASSIGNOR has formed ASSIGNEE for the convenience and purpose of owning and operating the Franchised Unit;
- C. ASSIGNOR desires to assign his or her rights and obligations under the Franchise Agreement to ASSIGNEE pursuant to, and in accordance with, the provisions of the Franchise Agreement; and
- D. SUBFRANCHISOR is willing to consent to the assignment of the Franchise Agreement to ASSIGNEE, subject to the terms and conditions of this Assignment, including, without limitation, ASSIGNOR's agreement to guarantee the performance by ASSIGNEE of its obligations under the Franchise Agreement and to continue to be bound by all the provisions of the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the ASSIGNOR in a Unit Franchise Agreement was granted the right and undertook the obligation to operate an Anago Unit Franchise in a specific area. This is detailed in the background section of a document related to the assignment of rights and obligations under the Franchise Agreement.
Specifically, the ASSIGNOR had the right to operate the franchise in a defined area and was obligated to fulfill the terms of the Franchise Agreement. The document indicates that the assignor may form an ASSIGNEE for the purpose of owning and operating the franchised unit, and desires to assign their rights and obligations to the ASSIGNEE.
This assignment is subject to the subfranchisor's consent and the assignor's agreement to guarantee the performance of the ASSIGNEE's obligations. The assignor continues to be bound by all provisions of the Franchise Agreement, even after the assignment, ensuring the continuity and fulfillment of the franchise obligations.