What document does this rider modify for Cinch I.T. developers?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
EMENT RESTRICTING JURISDICTION OR VENUE TO A FORUM OUTSIDE THIS STATE OR REQUIRING THE APPLICATION OF THE LAWS OF ANOTHER STATE IS VOID WITH RESPECT TO A CLAIM OTHERWISE ENFORCEABLE UNDER THIS ACT". TO THE EXTENT REQUIRED BY APPLICABLE LAW, RHODE ISLAND LAW WILL APPLY TO CLAIMS ARISING UNDER THE RHODE ISLAND FRANCHISE INVESTMENT ACT.
IN WITNESS WHEREOF, each of the undersigned has executed this Franchise Agreement under seal as of the Effective Date.
CINCH FRANCHISE, LLC
RIDER TO THE MULTI-UNIT DEVELOPMENT AGREEMENT FOR USE IN RHODE ISLAND
THIS RIDER (this "Rider") is made and entered into by and between CINCH FRANCHISE, LLC, a Massachusetts limited liability company with its principal place of business at 27 West Mountain Street, Worcester, Massachusetts 01606 ("CINCH I.T."), and the person(s) or entity identified as the developer ("Developer") with its principal place of business as set forth on Multi-Unit Development Agreement. In this Rider, "we," "us," and "our" refers to CINCH I.T.. "You" and "your" refers to Developer.
| 1. BACKGROUND. We and you are parties to that certain Multi-Unit Development Agreement dated | ||
|---|---|---|
| , 20 (the "Multi-Unit Development Agreement"). This Rider is | ||
| annexed to and forms part of the Multi-Unit Development Agreement. This Rider is being signed because | ||
| (a) you are domiciled in Rhode Island and the Franchised Business that you will operate under a | ||
| Franchise Agreement will be located in Rhode Island; and/or (b) any of the offering or sales activity | ||
| relating to the Franchise Agreement occurred in Rhode Island. |
- INCORPORATION OF OTHER TERMS.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, there are two distinct riders that modify different agreements. One rider modifies the Multi-Unit Development Agreement, while the other modifies the Franchise Agreement. The Rider to the Multi-Unit Development Agreement is made between Cinch I.T. and the developer, while the Rider to the Franchise Agreement is between Cinch I.T. and the franchisee.
Specifically, the Rider to the Franchise Agreement includes a background section stating that it is annexed to and forms part of the Franchise Agreement. This rider is signed because the franchisee is domiciled in Rhode Island, the franchised business will be located in Rhode Island, and/or any offering or sales activity related to the Franchise Agreement occurred in Rhode Island.
Furthermore, the Rider to the Franchise Agreement includes a clause addressing non-renewal and termination, which adds a paragraph to the end of Sections 6 and 32 of the Franchise Agreement. This highlights the importance of understanding which agreement the rider is modifying, as the terms and conditions can vary significantly depending on the specific agreement in question.