What signatures are required on the Hawaii State amendment to the Bang Cookies Franchise Agreement for it to be valid?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
The Hawaii Franchise Investment Law provides rights to the franchisee concerning non-renewal, termination and transfer of the Franchise Agreement. If this subarticle contains a provision that is inconsistent with the Hawaii Franchise Investment Law, the Hawaii Franchise Investment Law will control.
- Each provision of this amendment shall be effective only to the extent, with respect to such provision, that the jurisdictional requirements of the Hawaii Franchise Investment Law are met independently without reference to this amendment.
IN WITNESS WHEREOF, the parties have duly executed and delivered this Hawaii State amendment to the Bang Cookies Franchise LLC Franchise Agreement on the same date as the Franchise Agreement was executed.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to the 2024 Bang Cookies Franchise Disclosure Document, the Hawaii State amendment to the Bang Cookies Franchise LLC Franchise Agreement requires the signatures of the parties involved. The document states that the parties must duly execute and deliver the amendment on the same date as the Franchise Agreement was executed.
This means that both Bang Cookies as the franchisor and the franchisee must sign the Hawaii State amendment to indicate their agreement to the modifications outlined in the amendment. These modifications address specific sections of the Franchise Agreement, ensuring compliance with the Hawaii Franchise Investment Law.
The requirement for both parties to sign and deliver the amendment on the same date as the original Franchise Agreement underscores the importance of aligning the amendment with the initial agreement. This ensures that all parties are aware of and consent to the specific changes mandated by Hawaii law, particularly concerning franchisee rights related to non-renewal, termination, and transfer of the franchise.