In an Itan Permitted Transfer, who must sign the documents Itan reasonably requests?

According to Itan's 2025 Franchise Disclosure Document, in a Permitted Transfer, the franchisee, their owners, and the transferee must sign all documents that Itan reasonably requests to complete and document the transfer. This requirement ensures that all parties involved in the transfer are legally bound to the terms and conditions set forth by Itan.

This provision allows Itan to ensure that the transfer process is properly documented and that all necessary parties are aware of their obligations. By requiring signatures from the franchisee, their owners, and the transferee, Itan aims to maintain control over the transfer process and protect its interests.

For a prospective franchisee, this means that if they plan to transfer their Itan franchise, they, along with their owners and the potential buyer (transferee), will need to be prepared to sign any documents that Itan deems necessary. This could include agreements, releases, or other legal documents related to the transfer. It is important for franchisees to carefully review these documents and seek legal counsel if needed to fully understand their obligations and the implications of the transfer.

It is also important to note that this requirement applies specifically to Permitted Transfers, which are transfers that Itan allows without prior approval, provided certain conditions are met. Other types of transfers may have different requirements and may require Itan's prior approval.