What article of the Bang Cookies Development Agreement is supplemented regarding enforcement and construction?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
- Article 18 of the Franchise Agreement and, if Franchisee executes a Development Agreement, Article 7 of the Development Agreement, under the heading "Enforcement and Construction," shall be supplemented by the addition of the following new subarticle 18.Z. to the Franchise Agreement and Article 7.24 of the Development Agreement:
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to the 2024 Bang Cookies Franchise Disclosure Document, for franchisees operating in New York, Article 7 of the Development Agreement, which covers "Enforcement and Construction," is supplemented. This article is amended by adding a new subarticle, Article 7.24, to the Development Agreement. This amendment is part of the New York Franchise and Development Agreement Amendment, which recognizes the requirements of the New York General Business Law, Article 33, Sections 680 through 695, and related regulations.
This means that for franchisees in New York, the standard terms regarding how the Development Agreement is enforced and interpreted are modified to ensure compliance with New York state laws. The added subarticle likely addresses specific legal requirements or clarifications necessary under New York law to protect the franchisee's rights and ensure fair practices.
Prospective Bang Cookies franchisees in New York should carefully review Article 7.24 in conjunction with the rest of Article 7 to fully understand their rights and obligations concerning enforcement and construction of the Development Agreement. It is essential to consult with a legal professional to interpret the implications of this amendment and how it affects their specific circumstances as a franchisee in New York.