Are the Dryject franchisee's successors, assigns, and affiliated persons or entities bound by the Telephone Listing Agreement?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.5 Successors, Assigns, and Affiliates.
All Franchisor's rights and powers, and all Franchisee's obligations, under this Telephone Listing Agreement shall be binding on Franchisee's successors, assigns, and affiliated persons or entities as if they had duly executed 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 Telephone Listing Agreement's obligations extend to the franchisee's successors, assigns, and affiliated entities. This means that if the franchisee's business is transferred or if other related parties become involved, they too must adhere to the terms of the Telephone Listing Agreement.
Specifically, all of the franchisee's obligations under the Telephone Listing Agreement are binding on these successors, assigns, and affiliated persons or entities as if they had directly signed the agreement. This ensures that Dryject's rights and the integrity of the telephone listings are maintained even if the franchise ownership changes or expands.
This provision is designed to protect Dryject's interests by ensuring continuity and compliance with the Telephone Listing Agreement, regardless of changes in the franchisee's business structure or ownership. A prospective franchisee should carefully consider this when planning for the future of their Dryject franchise, particularly in terms of potential sale, transfer, or business expansion involving affiliated entities.