On whom is the Itan franchise agreement binding?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
ment | | | ATTACHMENT "E" | ACH Authorization Form | | | ATTACHMENT "F" | Brand Protection Agreement | | | ATTACHMENT "G" | Confidentiality Agreement | | | | | |
ITAN FRANCHISE AGREEMENT
| This iTAN Franchise Agreement (this "Agreement") is entered into as of, 202 (the "Effective | |
|---|---|
| Date") between iTAN Franchising, Inc., a California corporation ("we" or "us") and, | |
| a(n) ("you"). |
- 1. DEFINITIONS. Capitalized terms used not defined above have the meanings given to them below:
- "Account" means the checking account you designate from which we deduct fees and other amounts owed to us and our affiliates in accordance with §13.5.
- "ACH Agreement" means the ACH Authorization Agreement attached as ATTACHMENT "E", which authorizes us to electronically debit your Account for amounts owed to us and our affiliates.
- "Acquisition" means either: (a) a competitive or non-competitive company, franchise system, network or chain directly or indirectly acquiring us, whether in whole or in part, including by asset or stock purchase, change of control, merger, affiliation or otherwise;
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to the 2025 Itan Franchise Disclosure Document, the franchise agreement is binding between Itan Franchising, Inc. and the franchisee. The agreement is made as of the effective date between Itan Franchising, Inc. and the franchisee, who is referred to as "you" in the document.
Several attachments to the franchise agreement, such as the Franchise Owner Agreement, Brand Protection Agreement, and Confidentiality Agreement, are also binding. The Franchise Owner Agreement is entered into by each of the undersigned owners of the franchisee and their spouses (if applicable) in favor of Itan Franchising, Inc. The Brand Protection Agreement and Confidentiality Agreement are entered into by the franchisee in favor of Itan Franchising, Inc.
These agreements outline the specific obligations and responsibilities of each party involved, including the franchisee, their owners, and Itan. The agreements cover various aspects of the franchise relationship, such as brand protection, confidentiality, and the operation of the Itan salon. Prospective franchisees should carefully review all agreements and attachments to fully understand their rights and obligations.