table_specific

What section of the Boulder Designs Franchise Agreement is amended by this document?

Boulder_Designs Franchise · 2025 FDD

Answer 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

Source: Item 22 — CONTRACTS (FDD page 50)

What This Means (2025 FDD)

According to the 2025 Boulder Designs Franchise Disclosure Document, Section 3.1 of the Franchise Agreement is amended. This amendment pertains to the payment of the initial franchise fees. The amendment specifies that the payment of these fees will be deferred until Boulder Designs Franchising, LLC, as the Franchisor, has fulfilled its initial obligations to the franchisee.

This deferral of initial franchise fees until the franchisor meets its obligations could be seen as a benefit to the franchisee. It reduces the upfront financial burden and aligns the franchisor's interests with the franchisee's success from the outset. This type of arrangement is not universally standard in franchising, as many franchisors require full payment of fees upfront.

Prospective Boulder Designs franchisees should carefully review Section 3.1 of the Franchise Agreement, as well as the full amendment, to understand the specific obligations that Boulder Designs must meet before the franchise fees become due. Understanding these obligations is crucial for managing cash flow and ensuring that Boulder Designs is committed to providing the necessary support and resources to launch the franchise successfully.

Disclaimer: This information is extracted from the 2025 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.