Are Anago Unit Franchise Agreements considered Business Assets?

According to the 2025 Anago FDD, the term "Business Assets" is defined specifically in relation to the Subfranchisor's accounts receivable. The FDD states that Business Assets means all of the Subfranchisor's accounts receivable arising out of, or in connection with, the operation of the Subfranchise, existing as of the date of this Agreement and which came into existence during the Term, including notes, negotiable instruments, contracts. This definition is specific to the Subfranchisor and does not directly address whether an Anago Unit Franchise Agreement itself is considered a Business Asset.

While the definition of "Business Assets" is provided, it pertains to the Subfranchisor's assets and not the Unit Franchisee's agreement. The FDD does define a "Unit Franchise" as the rights granted to a Unit Franchisee under Anago Unit Franchise Agreement. However, it does not explicitly state that the Unit Franchise Agreement is considered a Business Asset for the Unit Franchisee.

To determine whether an Anago Unit Franchise Agreement is considered a Business Asset for a Unit Franchisee, it would be prudent to seek clarification from Anago. Prospective franchisees should inquire about how the agreement is classified for accounting and legal purposes, and whether it can be treated as an asset in financial statements or during business valuations. This information is essential for understanding the full financial implications of owning an Anago franchise.