Can the Advanced Mobile Iv And Amiv agreement be modified orally?
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 Advanced Mobile IV and AMIV Franchise Disclosure Document, Advanced Mobile IV, LLC DBA AMIV desires to verify information about the sales process and confirm any additional commitments or terms beyond those contained in their standard franchise agreement and current Franchise Disclosure Document. This verification includes any oral statement, representation, promise, or assurance made during negotiations for the purchase of an AMIV franchise by any of their representatives.
This verification process is documented in the Franchise Disclosure Document Exhibit J Confirmation of Additional Terms and Representations. This exhibit serves as a formal way to acknowledge and confirm any additional terms or representations made during the franchise sales process that are not already included in the standard franchise agreement or the Franchise Disclosure Document itself.
This addendum cannot be signed or used if the franchisee resides within, or if the franchised business will be located within the State of Maryland. This suggests that Advanced Mobile Iv And Amiv does not allow for oral modifications to the franchise agreement, and any additional terms or representations must be documented and confirmed in writing through the Franchise Disclosure Document Exhibit J, except in Maryland.