In the Jersey Mikes Assignment of Franchise Agreement, what is the Assignee required to do regarding the terms and conditions of the original Franchise Agreement?

According to Jersey Mikes' 2025 Franchise Disclosure Document, the terms and conditions of the Franchise Agreement are confirmed, ratified, and approved in their entirety, and shall continue in full force and effect, as amended and modified by the addendum. This means that the Assignee, or the new franchisee taking over the agreement, must adhere to all the original terms and conditions outlined in the initial Franchise Agreement.

This requirement ensures consistency and continuity in the operation of the Jersey Mikes franchise system. The assignee is stepping into the shoes of the original franchisee and must uphold the standards and obligations set forth in the original agreement. This includes aspects such as operational procedures, brand standards, payment schedules, and any other stipulations detailed in the Franchise Agreement.

Furthermore, any amendments or modifications made to the original Franchise Agreement through addenda must also be followed. These addenda may address specific changes or updates to the agreement, and the assignee is responsible for understanding and complying with these modifications. This ensures that the franchise operates according to the most current terms and conditions established by Jersey Mikes.

In essence, the assignee is not only taking over the rights of the franchise but also assuming all the responsibilities and obligations associated with it. This underscores the importance of thoroughly reviewing the Franchise Agreement and any related addenda before proceeding with the assignment to fully understand the commitments involved.