Can the Cinch I.T. Franchise Agreement be modified?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Section in franchise or other agreement | Summary |
|---|---|---|
| s. Modification of the Agreement | Section 50 | No modification generally unless agreed to in writing by both parties, but we may modify the System. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 48–56)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, the Franchise Agreement can only be modified if both Cinch I.T. and the franchisee agree to the changes in writing. However, Cinch I.T. retains the right to modify the Cinch I.T. System itself.
This means that while specific terms of the agreement are generally fixed unless both parties consent to changes, Cinch I.T. can still evolve its operational system. These modifications to the system could impact how a franchisee operates their business.
Prospective franchisees should understand that while they can seek modifications to the Franchise Agreement, Cinch I.T. is not obligated to agree. Franchisees should also stay informed about any changes Cinch I.T. makes to its system, as these changes will be binding.