When is the Anago Unit Franchise Agreement considered effective and binding?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement is not effective or binding and enforceable against Us until it is accepted by Us at Our home office and signed by one of Our authorized representatives. You are advised not to incur any expenses for opening the Anago Unit Franchise until You have received a final signed copy of this Agreement from Our home office. This Agreement may be signed in counterparts, each is deemed an original, but all together are the same instrument. Confirmation of signing by telex, telecopy, or telefax of a facsimile signature page is binding upon any party to the confirmation.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the Unit Franchise Agreement is not considered effective, binding, or enforceable until it is accepted by Anago at their home office and signed by one of their authorized representatives. This means that even after a prospective franchisee signs the agreement, it is not yet in effect until Anago officially approves it.
For a prospective Anago franchisee, this clause has significant implications. The FDD explicitly advises against incurring any expenses for opening the Anago Unit Franchise until a final signed copy of the agreement is received from Anago's home office. This protects the franchisee from spending money on preparations before the agreement is fully in place.
The agreement can be signed in counterparts, each of which is considered an original, and all together constitute the same instrument. Confirmation of signing by telex, telecopy, or telefax of a facsimile signature page is binding upon any party to the confirmation. This allows for flexibility in the signing process, accommodating different locations and potentially expediting the finalization of the agreement.