Who are the parties upon whom the Noodles & Company agreement is binding?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.04 Successors and Assigns. This Agreement is binding on the parties hereto and their respective executors, administrators, heirs, assigns, and successors in interest. This Agreement is fully transferable and assignable by us, whether by operation of law or otherwise, and shall inure to the benefit of any transferee or other legal successor to our interest herein.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the franchise agreement is binding on the signing 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 Noodles & Company, but also to those who inherit or legally assume their roles.
For a prospective Noodles & Company franchisee, this clause ensures that the agreement remains in effect even if the original franchisee passes away or the business is transferred. Heirs or assigns must continue to uphold the terms of the franchise agreement. Similarly, if Noodles & Company is acquired or undergoes a corporate restructuring, the new entity will be bound by the existing franchise agreements.
This "successors and assigns" clause is a standard provision in franchise agreements. It provides stability and continuity for both the franchisor and the franchisee. It ensures that the agreement remains enforceable regardless of changes in ownership or legal status of either party. Franchisees should understand this clause, as it has implications for estate planning and potential business transfers.