What is the 'valuable consideration' mentioned in the Bumper Man 'Assignment of Telephone Number(s)'?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
NOW, THEREFORE, in consideration of Franchisor granting to Franchisee the right to operate a Bumper Business subject to and in accordance with the terms hereof, the mutual obligations provided for in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
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 states that the franchisee is granted the right to operate a Bumper Man business. This right is subject to the terms outlined in the agreement. In return for this right, both Bumper Man and the franchisee have mutual obligations to each other as detailed in the agreement.
In addition to the mutual obligations, there is also 'other good and valuable consideration' exchanged between Bumper Man and the franchisee. The receipt and sufficiency of this consideration are acknowledged by both parties. This suggests that there are additional benefits or exchanges beyond the explicit obligations that both parties recognize as having value.
For a prospective franchisee, this means that the 'valuable consideration' includes not only the explicit terms of the franchise agreement but also other intangible benefits. These could include access to Bumper Man's established brand reputation, training programs, and ongoing support. It is important for a potential franchisee to fully understand all aspects of this consideration before entering into the agreement.