Is the Noodles & Company Franchise Agreement binding on the heirs and successors of both parties?

According to Noodles & Company's 2025 Franchise Disclosure Document, the Franchise Agreement is binding on both parties and their respective executors, administrators, heirs, assigns, and successors in interest. This means that the obligations and benefits of the agreement extend not only to the original franchisee and franchisor but also to those who inherit or otherwise succeed to their interests.

For a prospective Noodles & Company franchisee, this clause ensures that the agreement remains in effect even in the event of death, disability, or transfer of ownership. If the franchisee passes away, their heirs or administrators are bound by the agreement, and similarly, if Noodles & Company transfers its interests, the new entity is also bound.

However, Noodles & Company retains the right to transfer or assign the agreement to another party, which could be a different company or entity. This provides Noodles & Company with flexibility in managing its franchise system. The franchisee, on the other hand, is subject to specific transfer conditions and requires Noodles & Company's approval for any transfer of the franchise.

This clause provides clarity and continuity for both parties, ensuring that the terms of the franchise agreement remain enforceable regardless of changes in ownership or management. Franchisees should carefully consider the implications of this clause, particularly in terms of estate planning and potential future transfers of their Noodles & Company franchise.