factual

Will the release agreement benefit and bind the successors and assigns of Angry Chickz?

Angry_Chickz Franchise · 2025 FDD

Answer from 2025 FDD Document

  • **7.

Successors and Assigns.** This Release will inure to the benefit of and bind the successors, assigns, heirs and personal representatives of ANGRY CHICKZ and each Releasor.

Source: Item 23 — RECEIPTS (FDD pages 54–260)

What This Means (2025 FDD)

According to Angry Chickz's 2025 Franchise Disclosure Document, the release agreement does indeed extend to the benefit of and legally bind the successors and assigns of Angry Chickz. This means that if Angry Chickz were to be acquired by another company, or if its ownership were to change, the terms of the release agreement would still apply to the new entity. Similarly, the release agreement also binds the successors, assigns, heirs, and personal representatives of the franchisee (referred to as "Releasor" in the document).

This clause ensures that the obligations and protections outlined in the release agreement remain in effect even if there are changes in ownership or representation on either side of the agreement. It provides a level of legal certainty and continuity for both Angry Chickz and the franchisee.

For a prospective Angry Chickz franchisee, this means that any commitments made in the release agreement will continue to be honored, regardless of changes in the company's structure or ownership. It's a standard legal provision designed to maintain the integrity of the agreement over time. Franchisees should carefully review the implications of all clauses within the release agreement, understanding that these commitments will extend to their own successors and assigns as well.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.