Does the Alloy franchise agreement specify that the President must execute a written consent?
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 required consent, modification, approval, authorization, or waiver 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 ensures that any significant changes or agreements are formally approved by a high-ranking officer within the Alloy organization.
For a prospective Alloy franchisee, this means that any official agreements or modifications to the franchise agreement must be documented in writing and signed by either the President or an authorized Vice President of Alloy to be considered valid. This provides a level of assurance that the decisions are being made by authorized personnel.
This requirement protects both Alloy and the franchisee by ensuring clarity and accountability in all formal communications and agreements. It is a fairly standard practice in franchising to have key agreements signed by authorized representatives of the franchisor to avoid potential disputes or misunderstandings.