What right do I waive regarding the terms of the agreement related to Bang Cookies?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
- 5. Reasonableness of Covenants and Restrictions. You agree that: the terms of this Agreement are reasonable and fair and that you have sufficient resources and business experience and opportunities to earn an adequate living while complying with the terms of this Agreement. You hereby waive any right to challenge the terms of this Agreement as being overly broad, unreasonable or otherwise unenforceable.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, as an employee, independent contractor, officer and/or director of the Bang Cookies Business, you waive the right to challenge the terms of the agreement as being overly broad, unreasonable, or otherwise unenforceable. This waiver is part of an agreement related to confidential information you may access.
This means that you agree the terms are reasonable and fair and that you have sufficient resources, business experience, and opportunities to earn a living while adhering to the agreement. By waiving this right, you are agreeing not to later claim that the restrictions placed upon you are too extensive or prevent you from earning a living.
This type of waiver is common in agreements where confidential information is involved, as it aims to protect the franchisor's proprietary information and business methods. It is important to carefully consider the implications of this waiver before signing the agreement, as it limits your ability to dispute the terms later on.