Under the assignment agreement, what rights does Burger King Company LLC assign to the Assignee?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
FOR VALUE RECEIVED, Assignor hereby grants, sells, transfers and assigns to This Assignment shall be effective as of Assignee, its successors and assigns, all of its right, title and interest in and to the Contracts, subject to all of the terms and conditions thereof. , 2023. written. IN WITNESS WHEREOF, Assignor has executed this Assignment on the date first above BURGER KING COMPANY LLC By: Title: ("Assignor")
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, Burger King Company LLC, as the Assignor, grants, sells, transfers, and assigns to the Assignee all of its rights, title, and interest in and to the Contracts. This assignment is subject to all the terms and conditions of those contracts. The assignee also assumes the assignor's liabilities under these contracts.
In simpler terms, if Burger King is transferring its rights and obligations under certain contracts (related to the Burger King restaurants listed in Schedule 1) to another party (the Assignee), this assignment agreement ensures that the Assignee receives all of Burger King's rights and interests in those contracts. The effective date of the assignment is specified in the agreement.
This means the new franchisee or entity taking over the restaurant operations will step into Burger King's shoes regarding those specific contracts. The Assignee also agrees to protect Burger King from any liabilities or claims arising from these contracts after the assignment date. This includes covering legal defense costs and any resulting damages.