factual

Must a consent under the Chocolate Fish Coffee franchise agreement be in writing?

Chocolate_Fish_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 18.5 Consent; Waiver. No consent under this Agreement, and no waiver of satisfaction of a condition or nonperformance of an obligation under this Agreement will be effective unless it is in writing and signed by the party granting the consent or waiver.

No waiver by a party of any right will affect the party's rights as to any subsequent exercise of that right or any other right.

No delay, forbearance or omission by a party to exercise any right will constitute a waiver of such right.

Source: Item 23 — RECEIPTS (FDD pages 41–119)

What This Means (2024 FDD)

According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, any consent or waiver related to the franchise agreement must be in writing and signed by the party granting the consent or waiver. This requirement ensures that all agreements and modifications are clearly documented and legally binding, protecting both the franchisee and Chocolate Fish Coffee.

This provision means that verbal agreements or implied consent are not sufficient for any changes or waivers to the franchise agreement. For instance, if Chocolate Fish Coffee agrees to waive a specific requirement for a franchisee, that waiver must be documented in writing and signed by an authorized representative of Chocolate Fish Coffee to be effective. Similarly, if a franchisee needs to obtain consent from Chocolate Fish Coffee for a specific action, such as a transfer of ownership, that consent must be in writing and signed by the franchisee.

The written consent requirement is a standard practice in franchising to avoid misunderstandings and disputes. It provides a clear record of any agreed-upon changes or waivers, which can be crucial in resolving conflicts. This protects both parties by ensuring that all terms and conditions are explicitly documented and agreed upon.

Furthermore, the Chocolate Fish Coffee franchise agreement specifies that no waiver of any right will affect the party's rights as to any subsequent exercise of that right or any other right. Additionally, any delay, forbearance, or omission by a party to exercise any right will not constitute a waiver of such right. This reinforces the importance of formal, written communication and documentation for all consents and waivers under the franchise agreement.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.