When is the agreement between Boulder Designs Franchising, LLC and the franchisee entered into?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Amendment to the Boulder Designs Franchise Agreement dated, 20 between | |
|---|---|
| Boulder Designs Franchising, LLC, ("Franchisor") and | |
| ("Franchisee") is entered into simultaneously with the execution of the Franchise Agreement. |
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the Amendment to the Boulder Designs Franchise Agreement is entered into simultaneously with the execution of the Franchise Agreement. This means that the amendment, which likely modifies certain terms or conditions of the original agreement, becomes effective at the same time the franchisee and Boulder Designs formally sign the initial Franchise Agreement.
This simultaneous execution ensures that both parties are immediately bound by the terms of the Franchise Agreement as well as any changes stipulated in the amendment. For a prospective Boulder Designs franchisee, this implies that they should carefully review both the Franchise Agreement and any associated amendments before signing, as all documents take effect at the same time. It is important to understand how the amendment alters the original agreement and to seek legal counsel if needed.
This practice is fairly common in franchising, as amendments can address specific needs or changes in circumstances that arise during the negotiation process. The simultaneous execution is designed to provide clarity and avoid any ambiguity about which terms are in effect from the outset of the franchise relationship.