Does the Aw franchise agreement inure to the benefit of any legal successor to the interest of the company?

According to Aw's 2025 Franchise Disclosure Document, the franchise agreement is fully assignable by Aw and will benefit any assignee or other legal successor to Aw's interest in the agreement. This means that if Aw sells the franchise system or transfers its rights to another company, that new entity will inherit all the rights and benefits of the franchise agreements with existing franchisees.

This clause is typical in franchise agreements, as it allows the franchisor to sell or transfer the franchise system without disrupting the existing franchise relationships. For a franchisee, this means that the terms of their agreement should remain in effect even if the ownership of the Aw franchise system changes. However, it's important to note that while the agreement itself remains binding, the quality of support and the overall direction of the franchise system could potentially change under new ownership.

Prospective Aw franchisees should consider this clause a standard part of the franchise agreement. It provides assurance that the agreement will remain in force even if Aw is acquired or merged with another entity. However, franchisees should also conduct thorough due diligence on the franchisor's long-term plans and financial stability to assess the likelihood of such a transfer and its potential impact.