According to the Itan Waiver and Release of Claims agreement, who is considered 'us'?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Waiver and Release of Claims (this "Agreement") is made as of, 202 (the "Effective | ||
|---|---|---|
| Date") by, a(n) ("you") and each individual holding a | ||
| direct or indirect ownership interest in you (collectively "Owner") in favor of iTAN Franchising, Inc., a | ||
| California corporation ("us," and together with you and Owner, the "Parties"). |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, in the Waiver and Release of Claims agreement, "us" refers to iTAN Franchising, Inc., a California corporation. The agreement is made between the franchisee, referred to as "you", and any individual holding a direct or indirect ownership interest in the franchisee, collectively known as "Owner".
In the context of the agreement, "us" and "you" along with the "Owner" are collectively referred to as the "Parties". This definition is important because it clarifies who is granting the release of claims and who is being released from those claims.
This means that Itan Franchising, Inc. is the entity receiving protection from potential claims by the franchisee and their owners under the terms of the Waiver and Release of Claims agreement. Prospective franchisees should carefully review this agreement with legal counsel to fully understand the scope of the claims they are waiving and the implications for their rights.