According to the Amorino Amendment, what happens to Section E of the Preamble?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS AMENDMENT TO AREA DEVELOPMENT AGREEMENT (this | |
|---|---|
| "Amendment") is made as of the last date set forth on the signature page to this Amendment, by and between CPUSA, LLC, a Delaware limited liability company ("Franchisor" or "we"), and], a [] ("Area Developer" or "you"). All capitalized terms not defined herein shall have the meaning set forth in the Franchise Agreement, as | |
| defined below. | WHEREAS, Franchisor and Area Developer entered into that certain Area Development Agreement dated as of [] (as amended from time to time, the "Area Development Agreement"); and |
| Amendment. | WHEREAS, Franchisor and Area Developer hereby wish to amend the Area Development Agreement in accordance with the terms and conditions contained in this |
| follows: | NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereby agree to amend the Area Development Agreement as |
| 1. | Section E of the Preamble is deleted, and the following provision is added to this |
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, Section E of the Preamble in the Area Development Agreement is deleted. In its place, a new provision is added, although the specific content of this new provision is not detailed in the provided excerpt.
This amendment indicates a change in the initial agreement between Amorino and the Area Developer. The deletion of a section and addition of a new provision suggests that some aspect of the original agreement has been revised or updated. Without the specific text of the new provision, it is difficult to assess the full impact of this change.
Prospective franchisees should request a full copy of the amended Area Development Agreement to understand the exact nature of the changes. Understanding the details of the new provision replacing Section E is crucial for assessing the current terms and obligations of the agreement.