factual

Who is the Bumper Man agreement binding upon, besides the parties involved?

Bumper_Man Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (c) Binding Effect. This Agreement is binding upon the Parties and their respective executors, administrators, heirs, assigns and successors-in-interest and will not be modified except by a written agreement signed by both Franchisee and Franchisor.

Source: Item 23 — RECEIPTS (FDD pages 45–180)

What This Means (2025 FDD)

According to the 2025 Bumper Man Franchise Disclosure Document, the franchise agreement is binding not only upon the franchisee and franchisor, but also on their respective executors, administrators, heirs, assigns, and successors-in-interest. This means that the obligations and benefits of the franchise agreement can extend beyond the original parties to those who inherit their interests or to whom they are properly transferred.

For a prospective Bumper Man franchisee, this has several implications. If the franchisee passes away, their estate (through the executor or administrator) would be bound by the agreement. Similarly, the agreement would extend to anyone who legally inherits the franchisee's rights, such as an heir. The agreement also applies to any entity to whom the franchisee assigns their rights or any successor-in-interest, assuming such assignment is permitted under the franchise agreement.

This clause ensures that the Bumper Man franchise system maintains its integrity and consistency even if the original franchisee is no longer directly involved. It provides a level of assurance to Bumper Man that the franchise will continue to be operated according to the agreed-upon terms, regardless of changes in ownership or management due to unforeseen circumstances.

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.