How can the Better Homes And Gardens Real Estate Security Agreement be amended?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
This Exhibit is an integral part of the Franchise Agreement ("Agreement") between Better Homes and Gardens Real Estate LLC ("we" or "us") and you ("Franchisee" or "you"). This Exhibit will not be modified except by written agreement signed by both you and us.
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2025 FDD)
According to the 2025 Better Homes And Gardens Real Estate Franchise Disclosure Document, the Security Agreement, which is an integral part of the franchise agreement, can only be modified through a written agreement. This written agreement must be signed by both Better Homes And Gardens Real Estate LLC and the franchisee.
This requirement for a written and signed agreement ensures that any changes to the Security Agreement are mutually agreed upon and legally binding. It protects both the franchisor and the franchisee by providing a clear record of any modifications made to the original agreement. This is a standard practice in franchising to maintain clarity and avoid disputes over contractual terms.
Prospective Better Homes And Gardens Real Estate franchisees should pay close attention to this clause. It means that any desired changes to the Security Agreement must be formally documented and approved by both parties. Verbal agreements or informal understandings are not sufficient to alter the terms of the Security Agreement. Franchisees should consult with legal counsel before signing any amendment to ensure they fully understand the implications.