factual

What does the franchisee represent and warrant to City Wide regarding assignment of released matters?

Q: What does the franchisee represent and warrant to City Wide regarding assignment of released matters?

- 5. No Assignment. Franchisee represents and warrants to CITY WIDE that it has not assigned, transferred, or conveyed to any third party all or any part of or partial or contingent interest in any of the released matters which are called for to be released by this Release now or in the future, that it is aware of no third party who contends or claims otherwise, and that it shall not after this time purport to assign, transfer, or convey any such claim. Source: Item 23 — RECEIPT (FDD pages 65–271)

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

1. No Assignment. Franchisee represents and warrants to CITY WIDE that it has not assigned, transferred, or conveyed to any third party all or any part of or partial or contingent interest in any of the released matters which are called for to be released by this Release now or in the future, that it is aware of no third party who contends or claims otherwise, and that it shall not after this time purport to assign, transfer, or convey any such claim.

Source: Item 23 — RECEIPT (FDD pages 65–271)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, the franchisee represents and warrants to City Wide that they have not assigned, transferred, or conveyed to any third party any part of the released matters, whether a full, partial, or contingent interest. This applies to matters that are currently required to be released or may be required in the future.

Furthermore, the franchisee confirms they are not aware of any third party who claims otherwise regarding the assignment, transfer, or conveyance of these released matters. The franchisee also agrees that they will not attempt to assign, transfer, or convey any such claim in the future.

This provision ensures that City Wide is protected from potential disputes or claims arising from the franchisee's prior or future actions related to the released matters. It aims to provide clarity and prevent any third-party involvement that could complicate the release agreement between City Wide and the franchisee.

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.

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