Under the Alloy Franchise Agreement, who must execute written modifications, consents, approvals, authorizations, or waivers on behalf of the franchisor?
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 modifications, consents, approvals, authorizations, or waivers 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 changes or agreements related to the franchise are officially sanctioned by authorized personnel within the Alloy organization.
For a prospective Alloy franchisee, this means that any alterations to the Franchise Agreement or any official permissions or waivers must be documented in writing and signed by either the President or an authorized Vice President of Alloy to be considered valid. Franchisees should verify that any such documents they receive are signed by one of these authorized individuals to ensure their enforceability.
This requirement protects both Alloy and the franchisee by ensuring that only authorized individuals can make legally binding commitments on behalf of Alloy. It is a standard practice in franchising to have specific individuals with the authority to execute agreements, providing clarity and accountability in the franchisor-franchisee relationship.