Does the expiration or termination of the Angry Chickz agreement affect the provisions regarding third-party non-signatories?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
ANGRY CHICKZ and its parent, affiliates and subsidiaries shall be third party beneficiaries under this Release.
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
Based on the 2025 Angry Chickz Franchise Disclosure Document, the provided excerpts do not specify whether the expiration or termination of the franchise agreement affects the provisions regarding third-party non-signatories. While the document mentions third-party beneficiaries in the context of a release, it does not detail the implications of termination or expiration on these third-party rights.
Specifically, Item 23 discusses third-party beneficiaries in relation to a release, stating that "ANGRY CHICKZ and its parent, affiliates and subsidiaries shall be third party beneficiaries under this Release." However, this section does not elaborate on the duration or continuation of these rights beyond the active term of the franchise agreement.
A prospective Angry Chickz franchisee should seek clarification from the franchisor regarding the extent to which third-party beneficiary provisions survive the termination or expiration of the franchise agreement. Understanding this aspect is crucial for assessing the long-term legal and financial implications of the franchise agreement.