Under what conditions can a waiver granted by Big Apple Bagels be revoked?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
Any waiver granted by Franchisor shall be without prejudice to any other rights Franchisor may have, will be subject to continuing review by Franchisor, and may be revoked, in Franchisor's sole discretion, at any time and for any reason, effective upon delivery to Developer of ten (10) days' prior written notice.
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, any waiver that the franchisor grants can be revoked under specific conditions. Big Apple Bagels has the sole discretion to revoke a waiver at any time and for any reason.
To revoke a waiver, Big Apple Bagels must provide the developer (franchisee) with ten days' prior written notice. This means that the franchisee will have a short period to adjust their operations or expectations based on the revocation of the previously granted waiver.
This clause provides Big Apple Bagels with significant flexibility to change its position on any previously waived obligation or restriction. For a potential franchisee, this means that any perceived benefit from a waiver is not guaranteed and can be withdrawn by Big Apple Bagels with limited notice. Therefore, franchisees should carefully consider the potential impact of such revocations on their business operations and financial stability.