Under what circumstances can Bang Cookies elect to give modifications to the franchise agreement greater applicability?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee agrees that what constitutes Franchisor's then current Franchise Agreement shall be determined by Franchisor, in Franchisor's exclusive discretion and that, among other things, the Franchise Agreement may be modified from time to time by Franchisor and that reasonable modification and amendments to the Franchise Agreement will not alter Franchisee's obligations under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, Bang Cookies determines what constitutes the current Franchise Agreement in its exclusive discretion and the Franchise Agreement may be modified from time to time. Reasonable modifications and amendments to the Franchise Agreement will not alter a franchisee's obligations under the Development Agreement.
This means that Bang Cookies retains the right to modify the Franchise Agreement, and these modifications will be considered binding on franchisees. The FDD states that reasonable modifications and amendments to the Franchise Agreement will not alter a franchisee's obligations under the Development Agreement. This clause aims to ensure that Bang Cookies can adapt its franchise system as needed without franchisees claiming that such changes invalidate their existing agreements.
As a prospective franchisee, it is important to understand that Bang Cookies has the power to change the terms of the Franchise Agreement. While the modifications must be reasonable, what constitutes "reasonable" is ultimately determined by Bang Cookies. This could impact various aspects of your business, so it's crucial to carefully evaluate the potential implications of such modifications before investing in a Bang Cookies franchise.