Is the C3 Wellness Spa agreement binding upon the executors of the parties involved?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
7.11 BINDING EFFECT
This Agreement is binding upon the parties of this Agreement and their respective executors, administrators, heirs, assigns and successors in interest, and shall not be modified except by written agreement signed by both Franchisee and Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the franchise agreement is binding upon all parties involved. Specifically, the agreement extends to the executors, administrators, heirs, assigns, and successors in interest of both the franchisee and franchisor. This means that the obligations and rights outlined in the franchise agreement will continue to be enforceable even in the event of the death or incapacitation of either party.
This provision ensures continuity and stability in the franchise relationship. For instance, if a C3 Wellness Spa franchisee passes away, their estate (through the executor) would be responsible for fulfilling the terms of the franchise agreement, and would also retain the rights to operate the franchise or transfer it to another party, subject to the franchisor's approval. Similarly, if Aryes Franchising LLC, the franchisor, were to undergo a change in ownership or management, the new entity would be bound by the existing franchise agreements.
However, the agreement can only be modified through a written agreement signed by both the franchisee and franchisor. This requirement for written modification ensures that any changes to the original agreement are documented and mutually agreed upon, preventing unilateral alterations or misunderstandings. This clause provides a level of security and predictability for both the C3 Wellness Spa franchisee and franchisor, as it clarifies that the agreement remains in effect and enforceable under various circumstances, subject only to formal written modifications.