factual

Upon whom is the Buildingstars Franchise Agreement binding?

Buildingstars Franchise · 2025 FDD

Answer from 2025 FDD Document

This Agreement shall be binding upon and inure to the benefit of the parties, their legal representatives, heirs, administrators, executors, their permitted successors and permitted assigns.

Source: Item 22 — CONTRACTS (FDD page 43)

What This Means (2025 FDD)

According to Buildingstars's 2025 Franchise Disclosure Document, the Franchise Agreement is binding upon the parties involved, including their legal representatives, heirs, administrators, executors, permitted successors, and permitted assigns. This means that the obligations and benefits outlined in the agreement extend not only to Buildingstars and the franchisee but also to those who may inherit or legally assume their roles.

This provision ensures that the agreement remains effective even if the original parties undergo changes in their legal status or ownership. For instance, if the franchisee passes away, their heirs or administrators would be bound by the agreement. Similarly, if Buildingstars were to be acquired by another company, the agreement would remain in effect, binding the new entity.

This clause provides clarity and continuity, ensuring that the terms of the franchise agreement are upheld regardless of changes in the parties involved, as long as those changes are legally recognized and permitted under the agreement. It is a standard clause in franchise agreements designed to protect the interests of both Buildingstars and the franchisee over the long term.

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.