How does B Bops revoke a waiver?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
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- WAIVERS. Either party may by written notice to the other, unilaterally waive or reduce any obligation of or restriction upon the other party imposed by this Agreement, effective upon delivery of such written notice to such other party. Company makes no warranties upon which Franchisee may rely, and assumes no liability or obligation to Franchisee, by granting any waiver or by reason of any delay in acting on any request for a waiver. Any waiver granted by Company shall be without prejudice to any of the rights Company may have, will be subject to continuing review by Company, and may be revoked, in Company's sole discretion, at any time and for any reason upon delivery of written notice to Franchisee. Company and Franchisee shall not be deemed to have waived or impaired any right, power or option reserved by this Agreement by virtue of any custom or practice of the parties at variance with the terms hereof; by any failure, refusal or neglect of Company or Franchisee to exercise any right under this Agreement or to insist upon exact compliance by the other with its obligations hereunder; by any waiver, forbearance, delay, failure or omission by Company to exercise any right, power or option, whether of the same or of a different nature, with respect to any other franchisee; or through the acceptance by Company of any payments due from Franchisee after any breach of this Agreement.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, B Bops can revoke a waiver that it previously granted to a franchisee. To do so, B Bops must provide written notice to the franchisee. This revocation can occur at any time, for any reason, and is effective upon delivery of the written notice.
This means that even if B Bops has previously waived a specific requirement or obligation for a franchisee, it retains the right to reinstate that requirement at its discretion. The franchisee will then be obligated to comply with the original terms of the franchise agreement once they receive the written notice of revocation.
It is important to note that B Bops' decision to grant a waiver initially does not prevent them from later revoking it. This clause protects B Bops' rights and ensures that they can adapt to changing circumstances or address any issues that may arise during the franchise term. The franchisee should be aware of this provision and understand that any waivers granted are subject to this potential revocation.