What is the relationship between the execution of the Boulder Designs Franchise Agreement and the New York amendment?
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)
Based on the 2025 Boulder Designs Franchise Disclosure Document, the New York amendment to the franchise agreement is executed simultaneously with the execution of the franchise agreement. This means that both documents are signed at the same time, indicating that the amendment is an integral part of the overall franchise agreement.
This simultaneous execution ensures that the specific provisions of the New York amendment are in effect from the very beginning of the franchise relationship. This is important because the amendment likely contains terms that are required by New York state law, modifying the standard franchise agreement to comply with local regulations.
For a prospective Boulder Designs franchisee in New York, this means they should carefully review both the franchise agreement and the New York amendment together to fully understand their rights and obligations. The amendment may alter certain aspects of the standard agreement, and it is crucial to be aware of these changes before signing.