Does the Itan agreement cover future directors and officers?

According to Itan's 2025 Franchise Disclosure Document, the franchise agreement's provisions are binding upon the parties involved and extend to their respective current and future directors, officers, partners, attorneys, agents, employees, shareholders, and their spouses, as well as successors, affiliates, and assigns. This means that the terms of the agreement are not limited to the individuals or entities that initially sign the agreement but also apply to those who later become associated with them in these specified roles.

For a prospective Itan franchisee, this clause ensures that the obligations and benefits outlined in the franchise agreement will continue to apply even if there are changes in the leadership or ownership structure of either the franchisee or the franchisor. For example, if the franchisee is a corporation and appoints new directors or officers, those individuals will also be bound by the terms of the franchise agreement. Similarly, if Itan undergoes a merger or acquisition, the successor entity will also be subject to the agreement.

This provision offers a degree of stability and continuity in the franchise relationship, as it prevents parties from circumventing their obligations by simply changing their organizational structure or personnel. However, it also means that franchisees must carefully consider the long-term implications of the agreement, as its terms will continue to apply even if their business undergoes significant changes in the future. Franchisees should seek legal counsel to fully understand the scope of this provision and its potential impact on their business.