For Itan, what is the definition of 'Franchise Owner Agreement'?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENT "D"
TO FRANCHISE AGREEMENT
FRANCHISE OWNER AGREEMENT
[See Attached]
FRANCHISE OWNER AGREEMENT
This Franchise Owner Agreement (this "Agreement") is entered into by: (a) each of the undersigned Owners of Franchisee (defined below); and (b) the spouse of each such Owner who is a natural Person, in favor of iTAN Franchising, Inc., a California corporation, and its successors and assigns ("us"). Each signatory to this Agreement is referred to as "you".
1. DEFINITIONS. Capitalized terms not defined above have the meanings given to them below, or if not defined below, the meanings given to them in the Franchise Agreement:
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 is defined within Attachment D to the Franchise Agreement. This agreement is made between iTAN Franchising, Inc. and each of the Franchisee's Owners, as well as their spouses if they are natural persons.
The Franchise Owner Agreement outlines the obligations and responsibilities of the franchisee owners to iTAN Franchising, Inc. It is a legally binding contract that ensures the owners are personally committed to upholding the terms of the franchise agreement. This agreement is separate from the main Franchise Agreement, focusing specifically on the individual owners' responsibilities.
The agreement includes definitions of capitalized terms, referencing the Franchise Agreement for further clarification. By having each owner sign this agreement, Itan ensures that all individuals with an ownership stake in the franchise are directly accountable to the franchisor, which is a common practice in franchising to protect the brand and system standards.