What is the full name of the agreement being amended for California Cinch I.T. franchisees?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
AMENDMENT TO CINCH FRANCHISE, LLC
MULTI-UNIT DEVELOPMENT AGREEMENT AND RELATED FRANCHISE DOCUMENTS
FOR THE STATE OF CALIFORNIA
EXHIBIT I TO THE DISCLOSURE DOCUMENT
CINCH FRANCHISE, LLC
STATE SPECIFIC AMENDMENTS AND RIDERS TO THE FRANCHISE AGREEMENT AND MULTI-UNIT DEVELOPMENT AGREEMENT
AMENDMENT TO CINCH FRANCHISE, LLC FRANCHISE AGREEMENT AND RELATED FRANCHISE DOCUMENTS
FOR THE STATE OF CALIFORNIA
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, there are two agreements that are amended for California franchisees: the Cinch I.T. Franchise Agreement and the Multi-Unit Development Agreement. These amendments are specific to California, addressing certain legal considerations within the state.
The document includes an "AMENDMENT TO CINCH FRANCHISE, LLC MULTI-UNIT DEVELOPMENT AGREEMENT AND RELATED FRANCHISE DOCUMENTS FOR THE STATE OF CALIFORNIA" and an "AMENDMENT TO CINCH FRANCHISE, LLC FRANCHISE AGREEMENT AND RELATED FRANCHISE DOCUMENTS FOR THE STATE OF CALIFORNIA". This indicates that both the standard franchise agreement and any multi-unit development agreements are subject to modification to comply with California franchise law.
Prospective Cinch I.T. franchisees in California should carefully review these amendments with legal counsel to understand their rights and obligations under California law. The amendments address issues such as waivers, liquidated damages, non-reliance clauses, and the applicability of California franchise laws, ensuring that the franchise agreement complies with state regulations.