What is the effect of the Dryject franchisee satisfying all obligations under the Franchise Agreement on the power of attorney?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee further agrees that this appointment constitutes a power coupled with an interest and is irrevocable until Franchisee has satisfied all of its obligations under the Franchise Agreement and any and all other agreements to which Franchisee and any of its affiliates on the one hand, and Franchisor and any of its affiliates on the other, are parties, including, without limitation, this Telephone Listing Agreement.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the franchisee's satisfaction of all obligations under the Franchise Agreement impacts the power of attorney granted to Dryject. Specifically, the power of attorney, which allows Dryject to act on behalf of the franchisee concerning telephone numbers and listings, is deemed irrevocable until the franchisee fulfills all obligations under the Franchise Agreement and any other agreements with Dryject or its affiliates.
This means that Dryject retains the authority to manage the franchisee's telephone numbers and listings until all financial and contractual responsibilities are met. This includes not only the Franchise Agreement itself but also any other agreements the franchisee or their affiliates have with Dryject or its affiliates. The power of attorney enables Dryject to take actions and execute documents necessary to manage these telephone listings, ensuring a smooth transition or termination process if needed.
For a prospective Dryject franchisee, this implies that they must fully meet all contractual and financial obligations to regain control over their telephone numbers and listings. Failure to do so allows Dryject to maintain control over these assets, which could impact the franchisee's ability to operate independently or transfer the business. This clause is designed to protect Dryject's interests and ensure compliance with the terms of the franchise agreement.