For Itan, what is the definition of 'Claim'?

According to Itan's 2025 Franchise Disclosure Document, a 'Claim' is defined as any action, allegation, assessment, claim, demand, litigation, proceeding or regulatory procedure, investigation or inquiry. This definition is important for prospective franchisees to understand, as it broadly encompasses any type of legal or regulatory challenge that could be brought against them or Itan.

This definition is relevant because it sets the stage for understanding various obligations and potential liabilities outlined in the Franchise Agreement. For example, the franchise agreement likely contains provisions related to indemnification, where the franchisee may be required to cover Itan's losses and expenses resulting from claims related to the franchisee's operations.

Understanding the scope of 'Claim' is crucial for franchisees to assess their potential risks and responsibilities. Itan franchisees should consult with a legal professional to fully understand the implications of this definition and how it affects their rights and obligations under the Franchise Agreement.