Does the Crisp & Green agreement bind members of my Immediate Family who have a legal or beneficial interest in me?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Businesses, or any assistance or transmission of information of any kind which would be of any material assistance to a competitor;
- (ii) bind any person or entity having any legal or beneficial interest in me, or traceable to, down or through me, including (without limitation) any of member of my Immediate Family, any direct or indirect beneficiary, any partner (general or limited) or proprietor of mine, and any other such related person or entity, regardless of how many levels or tiers there may be between any such described person or entity and me; and
- (iii) identify for me, toward the goal of preserving through this Agreement, Franchisor's protectable legal interests in the System, customers of Restaurants, the Confidential Information, and the goodwill associated with the Marks.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the agreement can bind members of your immediate family who have a legal or beneficial interest in you. Specifically, the agreement aims to protect Crisp & Green's interests in its system, customers, confidential information, and brand goodwill.
The franchise agreement ensures that individuals with legal or beneficial interests connected to the franchisee are also bound by its terms. This includes, without limitation, any member of the franchisee's immediate family, any direct or indirect beneficiary, any partner (general or limited) or proprietor, and any other such related person or entity, regardless of how many levels or tiers there may be between any such described person or entity and the franchisee.
This provision is designed to prevent individuals closely associated with the franchisee from circumventing the agreement's restrictions, such as non-compete clauses or confidentiality requirements. By extending the agreement's reach to these related parties, Crisp & Green seeks to safeguard its business interests and maintain the integrity of its franchise system. This is a fairly standard practice in franchising, intended to prevent franchisees from using family members or other closely related entities to bypass contractual obligations.