Does the Belocal franchise agreement allow for oral modifications or waivers?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 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 explicitly states that it contains the entire agreement between the parties. Furthermore, the agreement specifies that it can only be modified or amended through a written document that has been duly authorized and executed by all parties involved.
This clause means that any verbal agreements or promises made outside of the written contract are not binding. A prospective Belocal franchisee should be aware that any changes or additions to the franchise agreement must be documented in writing and signed by both the franchisee and Belocal to be considered valid.
This type of clause is standard in franchise agreements to prevent misunderstandings and disputes based on informal conversations or unrecorded agreements. It provides clarity and legal certainty, ensuring that all parties are aware of their rights and obligations as defined in the written contract. Franchisees should ensure that all material terms and conditions are included in the written agreement before signing.