Besides the assignment, what remains in effect regarding the Jersey Mikes Area Development Agreement?

According to the 2025 Jersey Mikes Franchise Disclosure Document, when an Area Development Agreement is assigned, the original agreement remains in full force and effect, except as specifically amended by the assignment. This means that all other terms and conditions of the Area Development Agreement continue to apply to the assignee (the new entity taking over the agreement).

Specifically, the assignment document itself becomes part of the original Area Development Agreement. The assignment may amend certain sections of the original agreement, such as the developer's information on the summary pages, including business name, ownership interests, authorized signatories, and guarantor details. These amended sections supersede the original language in the Area Development Agreement.

In essence, a prospective Jersey Mikes franchisee taking over an existing Area Development Agreement needs to understand that they are stepping into the shoes of the original developer, inheriting both the rights and obligations outlined in the original agreement, as modified by the assignment. It is crucial to carefully review both the original Area Development Agreement and the assignment document to fully understand the current terms and conditions.