What is the condition regarding the seller's representations and warranties that must be true for the buyer to proceed with the Noodles & Company franchise transaction?

According to the 2025 Noodles & Company Franchise Disclosure Document, a condition precedent to the obligations of the buyer is that all representations and warranties of the seller in the agreement must be true and correct in all material respects on and as of the closing date. This means that before the transaction can be completed, the seller must ensure that all statements and guarantees made within the franchise agreement are accurate and truthful.

For a prospective Noodles & Company franchisee, this condition offers a level of protection. It ensures that the buyer is not entering into the agreement based on false or misleading information provided by the seller. If the seller's representations and warranties are not true and correct, the buyer may have grounds to delay or potentially terminate the transaction.

This condition is fairly standard in franchise agreements, as it aims to protect both parties by ensuring transparency and accuracy in the information provided. It is important for a prospective franchisee to carefully review all representations and warranties made by Noodles & Company in the franchise agreement and to seek legal counsel if they have any concerns or questions about the accuracy or completeness of these statements.