Under what condition will an amendment to a statute NOT apply to the Bevaris Alliance agreement?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
- 1.9 A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time; provided that, as between the parties, no such amendment, extension or re-enactmen
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, a change to a statute will not apply to the franchise agreement if the amendment, extension, or re-enactment occurs after the agreement is in place between the parties. This ensures that the terms of the agreement remain stable and predictable, based on the laws in effect at the time the agreement was made.
For a prospective Bevaris Alliance franchisee, this clause offers a degree of protection against unforeseen legal changes that could negatively impact their business. It means that the franchise agreement will be interpreted based on the laws as they existed when the agreement was signed, regardless of subsequent amendments. This can be particularly important in areas of law that directly affect the operation of the franchise, such as food safety regulations or labor laws.
However, it is important to note that this protection is limited to the specific terms of the franchise agreement. New laws or amendments may still affect the franchisee's business operations in ways not directly addressed by the agreement. Franchisees should stay informed about changes in applicable laws and seek legal advice to understand how those changes may affect their business.