Who selects the escrow company for the Del Taco transaction?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
This transaction shall be conducted insofar as is necessary to effectuate its purpose through one or more escrows to be opened with an escrow company to be selected by Del Taco, in its reasonable discretion (the "Escrow(s)"). The parties agree to execute such escrow instructions (the "Escrow Instructions") as may be necessary or appropriate to effect the purpose and intent hereof and that this Agreement shall be attached to the Escrow Instructions as an exhibit and shall remain in full force and effect; provided, however, that in the event of any inconsistency between the provisions of the Agreement and the Escrow Instructions, the provisions of this Agreement shall govern. All costs of the escrow shall
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, Del Taco selects the escrow company for transactions. The FDD specifies that the escrow company is chosen by Del Taco at its discretion.
This means that if you are purchasing an existing Del Taco restaurant, Del Taco has the authority to choose the escrow company that will handle the funds and documents related to the transaction.
As a prospective franchisee, you do not have a say in which escrow company is used. However, the FDD also states that Del Taco must act with reasonable discretion when selecting the escrow company. All costs of the escrow will be determined by separate agreement.