Must any waiver of the Casa De Corazon agreement be in writing?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
| The undersigned ("Franchisee") acknowledges that on or about, 202, Franchisee and Casa Franchising, LLC ("Franchisor") entered into a Franchise Agreement ("Agreement") for the operation of a Casa de Corazon early childhood learning center franchise. |
|---|
| To enable the Franchisor to receive automatic payments pursuant to the Agreement, Franchisee authorizes |
| ("Authorization") Franchisor to withdraw funds from and otherwise initiate debit entries to Franchisee's bank |
| account, indicated below, and the depository named below ("Depository"), to debit the same to such account. |
| Depository Name: |
| Branch: |
| City State and Zip: |
| Transit/ABA#: |
| Bank Account Name: |
| Bank Account Number: |
| Tax ID for Account: |
| This Authorization is to remain in full force and effect until the underlying obligations of the Agreement have been |
| satisfied in full or expressly released in writing by Franchisor. Franchisee expressly agrees that this Authorization |
| will apply to any and all depositories and bank accounts that Franchisee opens during the term of the Agreement |
| and any renewal terms. Without limiting the above, Franchisee acknowledges and agrees that if Franchisee closes |
| any bank account, Franchisee will: |
| 1) |
| immediately notify Franchisor in writing; |
| 2) |
| open or otherwise establish another bank account meeting Franchisor's requirements; |
| 3) |
| execute and deliver to Franchisor all documents necessary for Franchisor to begin and continue making |
| withdrawals from such bank account/depository by ACH debiting or other electronic means. |
| Franchisee expressly acknowledges and agrees that this Authorization will be the only written authorization |
| needed from Franchisee in order to initiate debit entries/ACH debit originations to Franchisee's bank account(s) |
| established with any depository in the future. |
| Name of Franchisee: |
| Signature: |
| Print Name: |
| Title: |
| Date: |
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Casa De Corazon Franchise Disclosure Document, any release of the franchisee's obligations regarding automatic payments must be expressly released in writing by Casa De Corazon. Specifically, to enable Casa De Corazon to receive automatic payments, the franchisee authorizes Casa De Corazon to withdraw funds from the franchisee's bank account. This authorization remains in effect until the obligations of the agreement are satisfied or expressly released in writing by Casa De Corazon.
Furthermore, the franchisee agrees that this authorization applies to any bank accounts opened during the term of the agreement and any renewal terms. If the franchisee closes any bank account, they must immediately notify Casa De Corazon in writing, open another bank account meeting Casa De Corazon's requirements, and provide all necessary documents for Casa De Corazon to continue making withdrawals.
This clause ensures that Casa De Corazon has a clear and documented process for managing payments and that any changes or releases related to payment authorizations are formally recorded in writing. This protects both the franchisor and franchisee by providing a clear audit trail and preventing misunderstandings regarding payment obligations.