Under the All Team franchise agreement, must amendments be executed by both parties to be binding?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
No amendment to this Agreement is binding unless executed in writing by both parties.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, any amendments to the franchise agreement must be in writing and executed by both All Team and the franchisee to be considered binding.
This requirement ensures that both parties are in agreement with any changes made to the original contract, providing a layer of protection for both All Team and the franchisee. It prevents unilateral changes to the agreement and ensures that all modifications are mutually agreed upon and documented.
This is a fairly standard clause in franchise agreements. Franchisees should pay close attention to this provision, as it means that any verbal agreements or understandings that are not put into writing and signed by both parties will likely not be enforceable. It is crucial to have all amendments properly documented to avoid potential disputes in the future.