If the Buildingstars Franchise Agreement is modified, does it affect the Guarantor's obligations?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
No amendment to this Agreement is binding unless executed in writing by both parties.
Source: Item 23 — RECEIPT (FDD pages 43–217)
What This Means (2025 FDD)
Based on the 2025 Buildingstars Franchise Disclosure Document, any modifications to the Franchise Agreement require a written agreement executed by both parties to be binding. This means that any changes to the agreement must be formally documented and agreed upon by both Buildingstars and the franchisee to be effective.
This requirement protects both the franchisee and Buildingstars by ensuring that all modifications are clear, documented, and mutually agreed upon. It prevents misunderstandings or disputes that could arise from verbal agreements or informal changes. For a prospective franchisee, this means that any changes they negotiate to their franchise agreement must be put in writing and signed by Buildingstars to be enforceable.
The FDD does not explicitly address whether modifications to the Franchise Agreement affect the Guarantor's obligations. Therefore, it is important for a prospective franchisee to seek clarification from Buildingstars regarding the Guarantor's responsibilities in the event of any modifications to the Franchise Agreement. Specifically, a prospective franchisee should ask Buildingstars to clarify whether the guarantor would be required to sign off on any modifications to the agreement and whether their obligations would change as a result of those modifications.