What specific section of the Bang Cookies Franchise Agreement does Sub-Article 15.B.(8) supplement regarding conditions for renewal?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
- Article 15.B of the Franchise Agreement, under the heading "Conditions for Renewal," sub article 15.B(8) is supplemented with the addition of the following language:
; provided, however, that all rights enjoyed by Franchisee and any causes of action arising in Franchisee's favor from the provisions of the Minnesota Franchise Act, Minn. Stat. Section 80C.14 et seq. and Minnesota Rules 2860.4400(D), shall remain in force; it being the intent of this provision that the non-waiver provisions of the Minnesota Rules 2860.4400(D) be satisfied; and
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to the 2024 Bang Cookies Franchise Disclosure Document, Sub-Article 15.B.(8) supplements Article 15.B of the Franchise Agreement, which is under the heading "Conditions for Renewal." This is specified in amendments to the franchise agreement for franchisees in Minnesota, New York, Hawaii, and Maryland.
For franchisees in Hawaii, Sub-Article 15.B.(8) is supplemented to ensure that all rights and causes of action arising in the franchisee's favor from the provisions of the Hawaii Franchise Investment Law remain in force. The intent is to satisfy the non-waiver provisions of the Hawaii Franchise Investment Law.
Similarly, for franchisees in Minnesota, New York, and Maryland, the supplement to Sub-Article 15.B.(8) ensures that all rights and causes of action arising in the franchisee's favor from the provisions of their respective state's franchise laws remain in force. The intent is to satisfy the non-waiver provisions of these state laws. This means that Bang Cookies franchisees in these states retain their legal rights under state franchise laws, even when agreeing to the conditions for renewal outlined in the franchise agreement.