Regarding amendments to the lease, what is required for an amendment or variation of terms to be valid for a Buona franchise?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Amendments. No amendment or variation of the terms of the Lease or this Addendum to the Lease shall be valid unless made in writing and signed by the parties hereto.
Amendment/Termination During the Term. Following Franchisor's approval of the Lease, Lessor and Lessee agree not to terminate prior to the end of the Lease term, or in any way amend or alter the terms of this Lease without Franchisor's prior written consent. Any attempted termination, alteration or amendment shall be null and void and have no effect as to Franchisor's interests thereunder.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, any amendment or variation to the terms of the lease for a franchised location must be in writing and signed by all parties involved to be considered valid. This requirement is outlined in the addendum to the lease agreement.
This stipulation protects Buona's interests by ensuring that any changes to the lease agreement are formally documented and agreed upon by all parties, preventing potential disputes or misunderstandings down the line. It also gives Buona oversight regarding lease terms.
Additionally, Buona requires that neither the lessor nor the lessee terminate or amend the lease without Buona's prior written consent. Any attempt to do so without this consent will be considered void, further safeguarding Buona's stake in the lease agreement. This ensures that Buona maintains control over the lease terms and can prevent any changes that might negatively impact the franchise or the brand.