Does the term 'you' in the Clear Pest Pros Personal Guaranty include successors and assigns?

According to the 2025 Clear Pest Pros Franchise Disclosure Document, the term 'you' in the context of a Promissory Note is addressed. Specifically, point 10 of the document states that the Promissory Note is binding upon and will ensure to the benefit of the parties and their successors, heirs, and assigns.

This means that the obligations and benefits outlined in the Promissory Note extend not only to the original parties involved but also to their respective successors, heirs, and assigns. For a Clear Pest Pros franchisee, this implies that if they were to transfer or assign their franchise rights, the terms of the Promissory Note would remain in effect for the benefit of the holder and would be binding on the successors or assigns.

This clause ensures continuity and clarity regarding financial obligations, particularly in cases of franchise transfer or inheritance. It protects the holder's interests by ensuring that the debt obligation remains enforceable regardless of changes in ownership or succession. Franchisees should be aware of this provision, especially when considering transferring their franchise rights or planning for business succession.