Where can I find the State Specific Addenda for the Bang Cookies franchise?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit E | Franchise Agreement |
|---|---|
| Exhibit F | Multi-Unit Development Agreement |
| Exhibit I | State Specific Addenda |
Individual state law may supersede the provisions contained in your Franchise Agreement and, if applicable, your Multi-Unit Development Agreement respecting the requirement that you execute a general release as a condition to assignment, sale or transfer. See, the state specific addendums contained in Exhibit I of this Disclosure Document.
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the State Specific Addenda can be found in Exhibit I. This exhibit is part of the overall Disclosure Document, which contains franchise and other contracts and agreements for use by Bang Cookies.
The State Specific Addenda are important because individual state laws may override some of the standard provisions in the Franchise Agreement or the Multi-Unit Development Agreement. One key area where these addenda might apply is the requirement to execute a general release as a condition of assignment, sale, or transfer of the franchise. This means that the standard Bang Cookies agreement might have to be modified to comply with specific state regulations.
For a prospective Bang Cookies franchisee, it is crucial to carefully review Exhibit I to understand how the laws of their specific state might affect the terms of their franchise agreement. Franchisees should pay close attention to any modifications or additions outlined in the addenda, as these will govern their rights and obligations. Consulting with a legal professional experienced in franchise law is advisable to ensure full comprehension of the implications of these state-specific provisions.