Does the addendum to the Big Apple Bagels franchise agreement require an acknowledgement of receipt?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
In witness whereof, each of the undersigned hereby acknowledges having read this Addendum, understands and consents to be bound by all of its terms, and agrees it shall become effective the day of, 20 BAB SYSTEMS, INC.
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to the 2025 Big Apple Bagels Franchise Disclosure Document, the addendum to the franchise agreement requires an acknowledgement of receipt. Specifically, the franchisee must acknowledge that they have read the addendum, understand its terms, and consent to be bound by them. This acknowledgement is formalized through a signature, indicating agreement and understanding of the addendum's contents. This requirement appears in addenda for various states, including Virginia and New York, as well as in the general Area Development Agreement. The addendum becomes effective upon this acknowledgement and signing.
This requirement ensures that franchisees are fully aware of any changes or additions to the original franchise agreement. By signing the addendum, the franchisee confirms they have reviewed and comprehended the new terms, which could cover various aspects of the franchise relationship, such as training requirements, transfer conditions, governing law, or compliance with state-specific regulations like those in New York or Wisconsin.
The inclusion of an acknowledgement and signature section in the addendum is a standard practice in franchising. It provides legal clarity and helps prevent disputes by demonstrating that both parties have agreed to the modified terms. Prospective Big Apple Bagels franchisees should carefully review any addenda to the franchise agreement and seek legal counsel if they have any questions or concerns before signing.