When is the Amendment to the Boulder Designs Franchise Agreement entered into relative to the execution of the Franchise Agreement?
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. | ||
| 1. | Section 3.1 of the Franchise Agreement is amended to reflect that payment of Initial Franchise | |
| has commenced doing business. | Fees will be deferred until Franchisor has met its initial obligations to Franchisee, and Franchisee | |
| IN WITNESS WHEREOF, | Franchisee and Franchisor have executed this Amendment to the Franchise | |
| Agreement simultaneously with the execution of the Franchise Agreement. | ||
| FRANCHISOR: | FRANCHISEE: | |
| BOULDER DESIGNS | ||
| FRANCHISING, LLC | ||
| By: | By: | |
| Frank J. "Butch" Mogavero | Name/Title |
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to the 2025 Boulder Designs 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 both documents are signed and become effective at the same time.
For a prospective franchisee, this simultaneous execution ensures that any modifications or additions to the original Franchise Agreement, as outlined in the Amendment, take effect immediately upon signing the agreement. This is a common practice to streamline the franchising process and ensure all parties are aligned on the terms from the outset.
This simultaneous execution is reinforced by the statement that the franchisee and franchisor execute the Amendment to the Franchise Agreement at the same time as the Franchise Agreement. This clause is included in multiple instances within Item 22, emphasizing its importance and intent.