Does the Advanced Mobile Iv And Amiv agreement allow for oral modifications?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
ADVANCED MOBILE IV, LLC DBA AMIV("we/us"), desires to verify certain information about the sales process and to confirm any additional commitments or terms beyond those contained in our standard franchise agreement and contained in our current "Franchise Disclosure Document," including any oral statement, representation, promise, or assurance made during the negotiations for the purchase of an AMIV™ franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative").
BACKGROUND AND GENERAL INFORMATION
This Addendum may not be signed or used if the franchisee resides within, or if the franchised business will be located within the State of Maryland.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to the 2023 Franchise Disclosure Document, Advanced Mobile Iv And Amiv uses an addendum to confirm any additional commitments or terms that may exist outside of the standard franchise agreement. This addendum is used to verify information about the sales process and confirm any additional commitments or terms beyond those contained in the standard franchise agreement and the Franchise Disclosure Document. This includes any oral statement, representation, promise, or assurance made during negotiations for the purchase of an Advanced Mobile Iv And Amiv franchise by any of their representatives.
This means that Advanced Mobile Iv And Amiv seeks to ensure that all agreements are documented in writing, and this addendum serves as a way to consolidate any prior oral agreements into a written form. This practice is common in franchising to avoid disputes based on verbal promises that are difficult to prove.
However, the addendum explicitly states that it cannot be used if the franchisee resides or the franchised business will be located in Maryland. This may indicate specific legal considerations or requirements in Maryland that necessitate a different approach to handling additional terms and representations. Prospective franchisees should pay close attention to this addendum and ensure that all understandings are clearly documented, especially if they are not located in Maryland, to avoid future misunderstandings or disputes with Advanced Mobile Iv And Amiv.