Are Dryject franchisees required to ensure their shareholders are also covered under the indemnification agreement?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
DRYJECT MANAGEMENT, LLC will protect your right to use the DryJect® Mark and Trade Name or will indemnify you against any loss, costs, or expenses arising out of any claim, suit, or demand regarding your use of the Marks or Trade Name.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
Based on the 2025 Dryject Franchise Disclosure Document, the document states that Dryject will protect the franchisee's right to use their trademarks and trade names. Dryject also agrees to indemnify the franchisee against any losses, costs, or expenses resulting from claims, suits, or demands related to the use of the Dryject name.
However, the excerpt does not explicitly state whether the indemnification extends to the franchisee's shareholders. The language focuses on protecting the "Franchise Owner" from losses, costs, or expenses. It is unclear whether this protection automatically includes shareholders or if additional steps are required to ensure their coverage.
A prospective Dryject franchisee should seek clarification from Dryject regarding the scope of the indemnification agreement. Specifically, they should inquire whether the protection extends to shareholders and, if not, what measures can be taken to ensure that shareholders are also covered under the agreement. This information is crucial for assessing the potential liabilities and risks associated with the franchise.