factual

For Afuri Ramen Dumpling, what is required to modify the language of the Franchise Agreement?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

Provision Section in Franchise Agreement Summary
("FA")
Franchise Agreement
(Exhibit
4).
s. Modification of the Agreement FA Sections 5.5 and 9.7 We may modify the Operations Manual. Modifications to the language of the Franchise Agreement require the signed written agreement of the parties.

Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 40–45)

What This Means (2024 FDD)

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, modifications to the language of the Franchise Agreement require a signed written agreement from both parties, as detailed in FA Sections 5.5 and 9.7. This means that any changes to the originally signed agreement must be formally documented and agreed upon in writing by both Afuri Ramen Dumpling and the franchisee to be legally binding.

This requirement protects both the franchisor and the franchisee by ensuring that all modifications are mutually understood and agreed to, preventing potential disputes arising from verbal agreements or misunderstandings. It is a standard practice in franchising to have such a clause to maintain the integrity and enforceability of the franchise agreement.

Prospective Afuri Ramen Dumpling franchisees should carefully review the Franchise Agreement and understand that any desired changes must be negotiated and formalized in writing. This also means that franchisees should retain copies of any signed modifications to the original agreement for their records.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.