How can the Chem Dry franchise agreement be modified?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
- (b) Binding Effect. This Agreement is binding upon the parties hereto and their respective executors, administrators, heirs, assigns and successors in interest, and will not be modified except by written agreement signed by Franchisee and CDI.
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the franchise agreement can only be modified through a written agreement. This written agreement must be signed by both the franchisee and CDI (Chem-Dry, Inc.).
This requirement for written modification is a standard practice in franchising. It ensures that any changes to the original agreement are documented and agreed upon by both parties, preventing potential disputes or misunderstandings. Franchisees should be aware that verbal agreements or understandings will not be considered valid modifications to the franchise agreement.
Prospective Chem Dry franchisees should carefully review the franchise agreement and any proposed modifications with legal counsel to fully understand their rights and obligations. It is crucial to ensure that any modifications are properly documented and signed by both parties to be legally binding.