According to the Bevaris Alliance agreement, what parties benefit from the agreement?

According to the 2024 Bevaris Alliance Franchise Disclosure Document, the franchise agreement is binding on and benefits the parties to the agreement. These parties include Bevaris Alliance Franchise System, LLC as the Franchisor, the Franchisee, and any individual signing the agreement. The benefits extend to their respective personal representatives, successors, and permitted assigns. This means that the agreement's terms and conditions are enforceable not only by the original signatories but also by those who inherit or are legally transferred the rights and obligations under the agreement.

This clause ensures that the agreement remains effective even if the original parties undergo changes in their legal status or ownership. For example, if the franchisee sells the business to a new owner (a permitted assign), the new owner also benefits from and is bound by the terms of the franchise agreement. Similarly, if the franchisor is acquired by another company (a successor), the new company inherits the rights and obligations of the franchisor under the agreement.

The inclusion of personal representatives ensures that the agreement remains enforceable even in the event of death or incapacitation of a party. This provides a level of security and continuity for all parties involved, as the agreement's terms will continue to be honored by the estates or legal representatives of the original signatories. This is a fairly standard clause in franchise agreements, designed to provide legal clarity and stability over the term of the agreement.