What documents constitute the entire agreement between Buildingstars and the franchisee?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned Guarantors also recognize that certain disputes relating to the Franchise Agreement are to be resolved by arbitration and hereby consent to such arbitration. The terms contained in the Franchise Agreement and this Guarantee and Assumption of Obligations constitute the entire agreement between the parties, and there are no representations, inducements, promises, or agreements, oral or otherwise, between the parties not embodied herein
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the terms contained in the Franchise Agreement and the Guarantee and Assumption of Obligations constitute the entire agreement between the parties. This means that all representations, inducements, promises, or agreements must be written within these documents to be considered part of the agreement. Any oral agreements or promises not included in these documents are not binding.
This clause protects Buildingstars from claims based on verbal promises or understandings that are not documented in the written agreements. It also places a responsibility on the franchisee to ensure that all important terms and conditions are included in the written agreements before signing.
For a prospective Buildingstars franchisee, this means it is crucial to carefully review the Franchise Agreement and the Guarantee and Assumption of Obligations. Any terms or conditions that are important to the franchisee must be included in these documents. If there are any verbal promises or understandings, the franchisee should insist that they be put in writing and included in the agreement before signing. This will help avoid disputes later on, as only the written terms will be enforceable.