Who is bound by and benefits from the provisions of the Itan agreement?

According to Itan's 2025 Franchise Disclosure Document, the provisions of the agreement are binding upon and benefit the parties involved, as well as their respective current and future directors, officers, partners, attorneys, agents, employees, shareholders, and the spouses of such individuals, successors, affiliates, and assigns. This means that the responsibilities and advantages outlined in the agreement extend not only to the original parties but also to those who may later be associated with them through various roles or relationships.

This comprehensive inclusion ensures that the agreement's terms remain effective even if the individuals directly involved change over time. For example, if the franchisee is a corporation, the agreement would apply to its current and future officers and directors. Similarly, if the franchisee sells the Itan franchise to a new owner (an assignee), the new owner would also be bound by the agreement's provisions.

This clause is typical in franchise agreements to provide stability and continuity. It ensures that the obligations and benefits of the franchise relationship are not easily circumvented by changes in personnel or ownership. Prospective Itan franchisees should understand that this provision means they cannot avoid their contractual obligations simply by changing their business structure or transferring ownership without adhering to the terms of the franchise agreement.