What is the franchisee required to fill in on the Virginia Law Modification document for 360 Painting?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
| ("Franchisee" or "you") and 360 Painting, LLC ("Franchisor"), dated | (the "Franchise Agreement") shall be amended by the addition of the following language, which should be |
|---|---|
| considered an integral part of the Franchise Agreement (the "Amendment"). | |
| Virginia Law Modification | |
| IN RECOGNITION OF THE REQUIREMENTS THE PARTIES TO THE FRANCHISE AGREEMENT | OF THE VIRGINIA RETAIL FRANCHISING ACT, AGREE AS FOLLOWS: |
| 1. | Section 4.1 and Exhibit C-1 of the Franchise Agreement are amended and supplemented as follows: |
| agreement. | The Virginia State Corporation Commission's Division of Securities and Retail Franchising requires us to defer payment of the initial franchise fee and other initial payments owed by franchisees to the franchisor until the franchisor has completed its pre-opening obligations under the franchise |
| 2. | Each provision of this Amendment will be effective only to the extent, with respect to such |
| without reference to this Amendment. | provision, that the jurisdictional requirements of the Virginia Retail Franchising Act are met independently |
| 3. govern. | Except as otherwise provided in this Amendment, all the other terms, covenants and agreements in the Franchise Agreement shall remain the same, and the Franchise Agreement, as amended, shall continue in full force and effect. To the extent this Amendment is inconsistent with any terms or conditions of the Franchise Agreement or the attachments to the Franchise Agreement, the terms of this Amendment shall |
| FRANCHISOR: | FRANCHISEE: |
| 360 PAINTING, LLC | [Name of Entity or Individual] |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 42–46)
What This Means (2025 FDD)
According to the 2025 FDD, the Virginia Law Modification document for 360 Painting requires the franchisee to fill in their name or entity and their title. The franchisor, 360 Painting, LLC, fills in their name (Paul Flick) and title (CEO). Both parties must sign and date the document to acknowledge the modifications to the franchise agreement as required by the Virginia Retail Franchising Act.
This modification ensures that 360 Painting complies with Virginia law, which may have specific requirements that differ from the standard franchise agreement. By signing this amendment, the franchisee acknowledges that they understand how the Virginia Retail Franchising Act affects their franchise agreement. This includes the deferral of initial franchise fees until 360 Painting has met its pre-opening obligations.
Prospective franchisees should carefully review this amendment with legal counsel to fully understand their rights and obligations under Virginia law. This is a standard practice in franchising, as state laws often require specific addenda to franchise agreements to protect franchisees. Franchisees should also ensure that they receive all required disclosures and that 360 Painting fulfills its pre-opening obligations before any initial fees are paid.