What is the heading of Article 18 in the Bang Cookies Franchise Agreement that is being supplemented?
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, Article 18 of the Franchise Agreement is generally titled "Enforcement and Construction." However, this article is subject to state-specific amendments that may alter or supplement its provisions. For instance, in New York and Maryland, specific sub-articles within Article 18 are supplemented to ensure compliance with state franchise laws.
In New York, Article 18 is supplemented by adding a new sub-article 18.Z to the Franchise Agreement. This addition likely addresses specific requirements under the New York General Business Law, particularly sections 680 through 695. Similarly, in Maryland, Article 18 is amended to include statements ensuring that franchisees retain rights and causes of action under the Maryland Franchise Registration and Disclosure Law.
These amendments indicate that Bang Cookies tailors its franchise agreement to comply with varying state regulations, which is a common practice in franchising to ensure legal compliance and protect the rights of franchisees. Prospective franchisees should carefully review any state-specific amendments to understand how they affect their rights and obligations under the Franchise Agreement.