On what page of the Buildingstars Franchise Agreement can I find information regarding the obligations of Buildingstars?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
BUILDINGSTARS is the only entity obligated to FRANCHISEE hereunder. FRANCHISEE may not look to any of BUILDINGSTARS' Affiliates or related companies, other business entities or individuals for performance of this Agreement.
FRANCHISEE may terminate this Agreement if BUILDINGSTARS shall materially default in performance of any terms and conditions in this Agreement, after giving BUILDINGSTARS written notice within thirty (30) days thereof, and if the default has not been corrected within sixty (60) days thereafter.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
Based on the 2025 Buildingstars Franchise Disclosure Document, Item 22, "CONTRACTS", outlines various obligations and responsibilities of both the franchisee and franchisor, Buildingstars. Specifically, it addresses scenarios where Buildingstars might fail to meet its contractual obligations. The agreement stipulates that the franchisee must provide written notice to Buildingstars regarding any such failures.
Furthermore, the Franchise Agreement details the franchisee's recourse if Buildingstars materially defaults on its obligations. In such cases, the franchisee can terminate the agreement, provided they give Buildingstars a written notice of the default and a 60-day period to correct the issue. This section of the Franchise Agreement serves to protect the franchisee by providing a mechanism to address failures on the part of Buildingstars to uphold their end of the contractual agreement.
Additionally, the Franchise Agreement states that Buildingstars is the only entity obligated to the franchisee under the agreement. The franchisee cannot seek performance from any of Buildingstars' affiliates or related companies. The document also includes a clause limiting Buildingstars' liability to the amount the franchisee paid to Buildingstars within the 12 months before written notice of any claim is received. These stipulations clarify the scope and limitations of Buildingstars' obligations and potential liabilities under the Franchise Agreement.