Does the Bevaris Alliance agreement require parties to procure third parties to execute documents?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
- 27.2 Further assurance. At its own expense, each or Each party shall, and shall use all reasonable endeavors to procure that any necessary third party shall, promptly execute and deliver such documents and perform such acts as may reasonably be required for the purpose of giving full effect to this agreement.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, under the section regarding further assurance, each party in the agreement is expected to take necessary actions to ensure the agreement's effectiveness. This includes procuring third parties to execute and deliver documents if reasonably required.
Specifically, each party must use all reasonable endeavors to ensure that any necessary third party promptly executes and delivers documents and performs acts to give full effect to the agreement. This obligation is at each party's own expense.
This clause ensures that all parties, including Bevaris Alliance and the franchisee, cooperate fully to implement the franchise agreement. It also places the onus on each party to manage and cover the costs associated with fulfilling these requirements.