Does the Alloy franchise agreement specify that the President must execute a written authorization?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. Authority. Any modification, consent, approval, authorization or waiver granted hereunder required to be effective by signature will be valid only if in writing executed by you or, if on behalf of us, in writing executed by our President or one of our authorized Vice Presidents.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, any authorization required to be effective by signature on behalf of Alloy must be in writing and executed by Alloy's President or one of its authorized Vice Presidents. This requirement ensures that any modifications, consents, approvals, or waivers are officially sanctioned by Alloy's leadership. For a prospective Alloy franchisee, this means that any agreements or changes to the franchise agreement must be documented in writing and signed by either the President or an authorized Vice President to be considered valid. This protects the franchisee by ensuring that verbal agreements or understandings are not enforceable unless properly authorized in writing by Alloy’s designated representatives. This is a fairly standard clause in franchise agreements, intended to prevent misunderstandings and ensure clarity in contractual matters.