What is the meaning of 'Parties' in the Bumper Man Certified Technician Addendum?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Certified Technician Addendum to Bumper Man Franchise Agreement ("Addendum") is effective as of, 20 (the "Effective Date") by and among Bumper Man, Inc. ("Franchisor"), and ("Franchisee"), ("Principal") and ("Certified Technician"). Franchisor, Franchisee, Principal and Certified Technician are collectively referred to as "Parties" in this Addendum. |
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Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the term "Parties" in the Certified Technician Addendum refers collectively to the Franchisor (Bumper Man, Inc.), the Franchisee, the Principal, and the Certified Technician. This definition is important because the Certified Technician Addendum outlines the relationship and responsibilities of all these parties concerning the operation of the Bumper Man franchise.
Understanding who the "Parties" are is crucial for interpreting the Addendum correctly. Each party has specific obligations and rights, and the agreement defines how they interact. For instance, the franchisee is responsible for supervising the certified technician, while the certified technician is bound by the same covenants and obligations as the franchisee, as outlined in the franchise agreement.
For a prospective Bumper Man franchisee, this means carefully reviewing the Certified Technician Addendum to understand the roles and responsibilities of each party involved. It is essential to recognize that as the franchisee, you bear the responsibility for the actions and performance of the Certified Technician. This understanding is vital for ensuring compliance with the franchise agreement and maintaining a successful Bumper Man business.