Is the Crepe De Licious Owners Agreement binding on the parties' heirs and successors?

According to Crepe De Licious's 2025 Franchise Disclosure Document, the Owners Agreement is indeed binding on the parties involved and their respective heirs, executors, administrators, personal representatives, successors, and permitted assigns. This means that the obligations and responsibilities outlined in the Owners Agreement will not cease upon the death or transfer of ownership of any party involved.

This provision ensures continuity and stability in the Crepe De Licious franchise system. For instance, if an owner passes away, their estate will be responsible for fulfilling the obligations under the Owners Agreement that existed at the time of death. Similarly, if the franchise is transferred to a new owner, that new owner will also be bound by the terms of the agreement.

This clause is a standard legal practice to ensure that agreements remain effective despite changes in the parties involved, providing Crepe De Licious with assurance that the terms of the agreement will continue to be upheld, regardless of changes in ownership or management.