Does the Belocal agreement require all parties to execute any modifications or amendments?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement contains the entire agreement of the parties regarding the subject matter hereof.
This Agreement may be modified or amended only by a duly-authorized writing executed by all parties.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the franchise agreement can only be modified or amended through a written agreement that has been duly authorized and executed by all parties involved. This requirement ensures that any changes to the original agreement are mutually agreed upon and formally documented to avoid potential disputes.
This provision is typical in franchise agreements, as it protects both the franchisor and the franchisee by ensuring that no unilateral changes can be made to the contract. For a prospective Belocal franchisee, this means that any modifications to their franchise agreement must be agreed upon by both them and Belocal, and must be documented in writing to be legally binding.
This requirement offers a level of security and clarity, ensuring that the terms of the franchise agreement remain stable unless both parties consent to changes. Franchisees should pay close attention to this clause and ensure they fully understand any proposed amendments before signing, as their signature indicates their agreement to the modified terms.