Who does the City Wide Successor Addendum bind and benefit?

According to City Wide's 2025 Franchise Disclosure Document, the Successor Addendum is legally binding and extends its benefits to each party involved. Specifically, this includes the franchisee and City Wide itself. Furthermore, the agreement's binding nature and benefits extend to each party's respective successors and assigns.

For a prospective City Wide franchisee, this means that if they decide to sell their franchise or transfer ownership, the terms of the Successor Addendum will continue to apply to the new owner. Similarly, if City Wide is acquired by another company or undergoes a merger, the new entity will also be bound by the terms of the addendum. This provides a level of continuity and assurance for both the franchisee and City Wide, ensuring that the obligations and benefits outlined in the agreement remain in effect even if there are changes in ownership or structure.

This clause is a standard legal provision in franchise agreements, designed to ensure that the contractual obligations and rights are not extinguished by changes in the parties involved. It protects both the franchisee's investment and City Wide's brand standards and operational procedures, contributing to the long-term stability of the franchise system.