Which section is deleted from the Auntie Annes Franchise Agreement for franchisees in Illinois?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
In recognition of the requirements of the Illinois Franchise Disclosure Act of 1987, Ill. Comp. Stat. §§ 705/1 through 705/44, the Franchise Agreement, for franchises offered and sold in the State of Illinois or to Illinois residents, is amended to include the following:
-
- Section 21.1 (Your Acknowledgements) is deleted from all Illinois Franchise Agreements.
Source: Item 22 — CONTRACTS (FDD page 106)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, Section 21.1 (Your Acknowledgements) of the Franchise Agreement is deleted from all Illinois Franchise Agreements. This deletion is specifically for franchises offered and sold in the State of Illinois or to Illinois residents, as stated in the Illinois Addendum to the Disclosure Document. This modification is made in recognition of the requirements of the Illinois Franchise Disclosure Act of 1987.
This means that franchisees in Illinois are not bound by the standard acknowledgement section typically included in the Auntie Annes Franchise Agreement. The Illinois Franchise Disclosure Act aims to protect franchisees by preventing them from unknowingly waiving their rights or being bound by unfair provisions. By deleting Section 21.1, Auntie Annes ensures that Illinois franchisees retain all rights conferred to them by the Illinois Franchise Disclosure Act.
Prospective Auntie Annes franchisees in Illinois should take note of this modification, as it provides additional protection under Illinois law. This ensures that franchisees cannot inadvertently waive their rights or make acknowledgements that could be detrimental to their interests. This adjustment reflects a commitment to compliance with state-specific franchise regulations, enhancing transparency and fairness in the franchising process within Illinois.