factual

What specific subarticle of Article 15.B of the Bang Cookies Franchise Agreement is supplemented regarding renewal conditions for Bang Cookies?

Bang_Cookies Franchise · 2024 FDD

Answer from 2024 FDD Document

  1. 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 Bang Cookies' 2024 Franchise Disclosure Document, specific amendments to the franchise agreement are made for franchisees in certain states. For instance, in Minnesota, Article 15.B, which covers "Conditions for Renewal," is supplemented specifically at subarticle 15.B(8). This supplementation ensures that all rights and causes of action arising in favor of the franchisee under the Minnesota Franchise Act and related rules remain in effect. This means that the non-waiver provisions of Minnesota Rules are intended to be satisfied, protecting the franchisee's rights under state law during the renewal process.

Similarly, in New York, subarticle 15.B(8) of Article 15.B is also supplemented. This addition ensures that the franchisee retains all rights and causes of action as provided by the New York General Business Law. The intent is to uphold the non-waiver provisions of New York law, offering similar protections to franchisees during renewal as those in Minnesota.

In Maryland, the same subarticle 15.B(8) is supplemented to protect the franchisee's rights and causes of action under the Maryland Franchise Registration and Disclosure Law. Hawaii also follows this pattern, supplementing sub-article 15.B.(8) to ensure the franchisee retains all rights and causes of action under the Hawaii Franchise Investment Law. These state-specific amendments highlight Bang Cookies's effort to comply with local franchise laws, providing franchisees with additional security and legal rights during the renewal of their franchise agreement.

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.