Does the Alloy franchise agreement specify that the President must execute a written modification?
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 modification to the agreement requires a written signature to be valid. Specifically, if Alloy grants a modification, consent, approval, authorization, or waiver, it must be in writing and executed by Alloy's President or one of its authorized Vice Presidents.
This requirement ensures that any changes to the franchise agreement are formally documented and authorized by a high-ranking official within Alloy. This protects both the franchisee and Alloy by providing a clear record of any agreed-upon modifications and preventing misunderstandings or disputes.
For a prospective Alloy franchisee, this means that any verbal agreements or promises made by Alloy representatives that are not documented in writing and signed by the President or an authorized Vice President may not be legally binding. Therefore, it is crucial for franchisees to ensure that any modifications to their franchise agreement are properly documented and executed to protect their interests.