What is the effective date of the Amendment to Franchise Agreement for Cinch I.T.?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Amendment is entered into this, 20 (the "Effective Date"), between CINCH FRANCHISE, LLC, a Massachusetts limited liability company, with its principal | |
|---|---|
| business address at 27 West Mountain Street, Worcester, Massachusetts 01606 (referred to in | |
| this Amendment as the "Franchisor"), and | |
| , a(n) | |
| whose principal business address is | |
| (referred to in this Amendment as "Developer", "your" or "you") and amends the Multi-Unit | |
| Development Agreement between the parties dated as of the Effective Date, (the "Agreement"). |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the effective date of the Amendment to the Multi-Unit Development Agreement is the date it is entered into. The exact date is not specified in the excerpt, but the table indicates that the amendment is made "this" day of the current year. The agreement being amended is dated as of the Effective Date.
For a prospective Cinch I.T. multi-unit developer, this means that any modifications or additions to the original agreement take effect immediately upon signing the amendment. This is a fairly standard practice, ensuring that all parties are immediately bound by the updated terms.
However, the amendment also includes specific clauses related to compliance with the Wisconsin Fair Dealership Law. These clauses state that if any part of the agreement conflicts with Wisconsin law, the state law supersedes those provisions. Furthermore, the amendment's provisions are only effective if they meet the jurisdictional requirements of Wisconsin law, meaning the amendment's impact can vary based on where the developer operates. Cinch I.T. developers in Wisconsin should pay close attention to these stipulations and seek legal counsel to ensure full compliance.
It is important to note that there are also riders to the franchise agreement for use in Rhode Island. These riders include a background section that states the rider is annexed to and forms part of the Franchise Agreement and is being signed because the franchisee is domiciled in Rhode Island and the franchised business will be located in Rhode Island and/or any of the offering or sales activity relating to the Franchise Agreement occurred in Rhode Island.