Besides the assignment document, does the Area Development Agreement for Jersey Mikes remain in effect?

According to Jersey Mike's 2025 Franchise Disclosure Document, when an Area Development Agreement is assigned to a new entity, the original agreement remains in effect except as amended by the assignment document. Specifically, the assignment document amends and restates sections 1 and 2 of the Summary Pages of the Franchise Agreement.

This means that the new assignee assumes all the rights and obligations of the original developer under the Area Development Agreement. The franchisor consents to this transfer, and the assignee agrees to comply with all the terms and conditions outlined in the original agreement.

However, it is important to note that the Area Development Agreement is modified by the assignment, particularly concerning the developer's information on the Summary Pages. Therefore, while the core agreement remains valid, franchisees should carefully review the assignment document to understand any changes or amendments to the original Area Development Agreement.