For a Big Apple Bagels franchise in Virginia, what does the franchisee acknowledge regarding the addendum?
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 franchisee in Virginia acknowledges having read the addendum, understanding its terms, consenting to be bound by them, and agreeing that the addendum becomes effective on a specific date. This acknowledgment is part of the Exhibit R, which is the BAB Systems, Inc. Addendum to the Bagels Franchise Agreement for the Commonwealth of Virginia.
This acknowledgment signifies that the franchisee is aware of and agrees to the modifications and additions made to the standard franchise agreement as they pertain specifically to operating a Big Apple Bagels franchise in Virginia. These modifications can cover various aspects of the franchise agreement, including termination conditions and adherence to the Virginia Retail Franchising Act.
By signing the addendum, the franchisee demonstrates their understanding and acceptance of these Virginia-specific terms, which may differ from the standard franchise agreement. This ensures that both the franchisor and franchisee are aligned on the legal and operational requirements within the Commonwealth of Virginia.