factual

What is the required form for any modification or amendment to the Bombs Away franchise agreement?

Bombs_Away Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 18.4 Modification. No modification or amendment of this Agreement will be effective unless it is in writing and signed by both parties. This provision does not limit Bombs Away Franchising's rights to modify the Manual or System Standards.

Source: Item 22 — CONTRACTS (FDD pages 35–36)

What This Means (2024 FDD)

According to Bombs Away's 2024 Franchise Disclosure Document, any modification or amendment to the franchise agreement must be in writing and signed by both parties to be considered effective. This requirement ensures that all changes to the original agreement are formally documented and agreed upon by both Bombs Away and the franchisee, preventing misunderstandings or disputes based on verbal agreements or informal communications. However, this requirement does not limit Bombs Away's rights to modify the Manual or System Standards.

This "in writing and signed" clause is a standard provision in franchise agreements. It protects both the franchisee and Bombs Away by providing a clear record of any changes to the contract. It also ensures that both parties are fully aware of and consent to the modifications. Franchisees should pay close attention to this clause and ensure that any agreed-upon changes are properly documented and signed.

It is important to note that while modifications to the franchise agreement itself require a written and signed document, Bombs Away retains the right to unilaterally modify the Manual or System Standards. Franchisees must stay informed of any changes to these documents, as they are also binding and can impact the operation of the franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.