What is the definition of 'Franchise Owner Agreement' according to the Itan FDD?

According to Itan's 2025 Franchise Disclosure Document, the Franchise Owner Agreement is a document that must be signed by the Owners and their spouses, as detailed in Section 9 of the franchise agreement. The current form of this agreement is included as Attachment D to the franchise agreement. This agreement is separate from the main Franchise Agreement, and it appears to place specific obligations on the individual owners of the franchise entity, as well as their spouses.

Attachment D, which contains the Franchise Owner Agreement, is referenced in Item 23 as part of the receipts. This suggests that prospective franchisees will receive a copy of this agreement along with the FDD. The Franchise Owner Agreement is entered into by the owners of the franchisee and their spouses in favor of iTAN Franchising, Inc., indicating that it provides additional protection and assurances to the franchisor.

Prospective franchisees should carefully review Attachment D and Section 9 of the Itan franchise agreement to understand the specific obligations and liabilities imposed on them and their spouses by the Franchise Owner Agreement. It is important to seek legal counsel to fully understand the implications of signing this agreement, as it may have significant legal and financial consequences for the individual owners and their families.