What is required for any amendment to the Bw Premier Collection franchise agreement to be valid?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
- i. This Agreement is the entirety of the agreement between the Parties. Notwithstanding the foregoing, nothing in this Agreement shall disclaim or require Hotel Owner to waive reliance on any representation made by BWI in its most recent franchise disclosure document (including exhibits and amendments) delivered to Hotel Owner or its representative.
- j. The Parties agree that BWI does not guarantee, give any assurances, or provide any forecasts that shall be deemed binding regarding reservations or revenue Hotel might receive as a result of this Agreement.
- k. Any amendment to this Agreement must be in writing signed by both Parties.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to the 2025 Bw Premier Collection Franchise Disclosure Document, any amendment to the franchise agreement must be documented in writing and signed by both the franchisee (Hotel Owner) and the franchisor (BWI). This requirement ensures that all modifications to the original agreement are formally acknowledged and agreed upon by both parties, preventing potential disputes arising from verbal agreements or misunderstandings.
This stipulation is a standard practice in franchising, as it provides a clear and legally binding record of any changes made to the initial contract. For a prospective Bw Premier Collection franchisee, this means that any negotiated changes or waivers to the standard franchise agreement must be documented in a written amendment signed by both parties to be considered valid. This protects both the franchisee and Bw Premier Collection by ensuring clarity and mutual consent regarding any alterations to the agreement.
It is important for potential Bw Premier Collection franchisees to understand this requirement and ensure that any agreed-upon modifications are properly documented and signed. Failure to do so could result in the original terms of the franchise agreement being enforced, even if verbal agreements or other understandings exist. This clause underscores the importance of thorough documentation and legal review when entering into a franchise agreement.