factual

What is the heading of Article 15.B in the Bang Cookies Franchise Agreement that is supplemented by the amendment?

Bang_Cookies Franchise · 2024 FDD

Answer from 2024 FDD Document

OPMENT AGREEMENT AMENDMENT**

Amendments to the Bang Cookies Franchise Agreement

In recognition of the requirements of the Maryland Franchise Registration and Disclosure Law, the parties to the attached Bang Cookies Franchise LLC Franchise Agreement (the "Franchise Agreement") and, if Franchisor and Franchisee both sign the Bang Cookies Franchise LLC Multi-Unit Development Agreement (the "Development Agreement"), as follows:

    1. Article 14.C of the Franchise Agreement, under the heading "Conditions for Approval of Transfer," subarticle 14.C(6) is supplemented with the addition of the following language:
    • ; provided, however, that all rights and causes of action arising in favor of Franchisee from the provisions of the Maryland Franchise Registration and Disclosure Law and the regulations issued thereunder, shall remain in force; it being the intent of this provision that the non-waiver provisions of the Maryland Franchise Registration and Disclosure Law be satisfied.
    1. Article 15.B. of the Franchise Agreement, under the heading "Conditions for Renewal," the subarticle 15.B(8) is supplemented with the addition of the following language:
    • ; provided, however, that all rights and causes of action arising in favor of Franchisee from the provisions of the Maryland Franchise Registration and Disclosure Law and the regulations issued thereunder, shall remain in force; it being the intent of this provision that the non-waiver provisions of the Maryland Franchise Registration and Disclosure Law be satisfied.
    1. Article 18.G.

Source: Item 23 — RECEIPTS (FDD pages 56–245)

What This Means (2024 FDD)

According to Bang Cookies' 2024 Franchise Disclosure Document, Article 15.B of the Franchise Agreement is titled "Conditions for Renewal." This article is supplemented by amendments specific to franchise laws in Maryland, New York, and Minnesota. These amendments ensure that franchisees retain all rights and causes of action arising from the franchise laws of those states, specifically addressing non-waiver provisions.

For a prospective Bang Cookies franchisee, this means that the standard franchise agreement is modified to comply with state-specific regulations regarding franchise rights, particularly concerning renewal conditions. The amendments aim to protect the franchisee's rights under state laws, preventing any unintentional waiver of these rights during the renewal process.

It is important for franchisees to understand these state-specific amendments, as they provide additional legal protections beyond the standard terms of the Bang Cookies Franchise Agreement. Franchisees should consult with legal counsel to fully understand their rights and obligations under both the franchise agreement and the applicable state laws.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.