According to the Itan Franchise Owner Agreement, who is considered 'you'?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
This Franchise Owner Agreement (this
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the Franchise Owner Agreement defines "you" as each of the undersigned owners of the franchisee, as well as the spouse of each owner who is a natural person. This definition is relevant to the Franchise Owner Agreement, which is entered into by these parties in favor of iTAN Franchising, Inc.
This means that all individuals who are owners of the Itan franchise entity, along with their spouses, are bound by the terms and conditions outlined in the Franchise Owner Agreement. Each of these individuals is considered a signatory to the agreement and is therefore subject to its provisions.
For a prospective Itan franchisee, this definition clarifies who specifically is legally responsible under the Franchise Owner Agreement. It ensures that all owners and their spouses are aware of their obligations and liabilities to Itan. This is a common practice in franchising to ensure that all parties with a vested interest in the franchise are held accountable for its performance and adherence to the franchise agreement.