Under what circumstances is the Rider to the Franchise Agreement signed for a Cinch I.T. franchise?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
cluding fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
[signatures on following page]
The undersigned does hereby acknowledge receipt of this Amendment. Dated this day of, 20 CINCH FRANCHISE, LLC DEVELOPER:
RIDER TO THE FRANCHISE 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 franchisee ("Franchisee") with its principal place of business as set forth on Franchise Agreement. In this Rider, "we," "us," and "our" refers to CINCH I.T. "You" and "your" refers to Franchisee.
-
- BACKGROUND. We and you are parties to that certain Franchise Agreement dated ________, 20___ (the "Franchise Agreement"). This Rider is annexed to and forms part of the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, a specific rider is added to the standard Franchise Agreement under certain conditions related to the franchisee's location and business activities. This Rider to the Franchise Agreement is used when (a) the franchisee is domiciled in Rhode Island and the Cinch I.T. franchised business they operate will be located in Rhode Island, or (b) any of the offering or sales activity related to the Franchise Agreement occurred in Rhode Island.
This means that if a prospective Cinch I.T. franchisee lives in Rhode Island or intends to operate their franchise there, or if the franchise sales process took place in Rhode Island, they will be required to sign this additional rider. The rider becomes an integral part of the Franchise Agreement, supplementing and modifying the original terms to account for Rhode Island-specific regulations or considerations.
The rider includes specifics regarding non-renewal and termination of the franchise agreement. It is important for prospective franchisees in Rhode Island to carefully review this rider with legal counsel to understand their rights and obligations, as it may alter some of the standard provisions found in the main Franchise Agreement. Franchisees should pay close attention to how the rider modifies sections 6 and 32 of the Franchise Agreement, which address non-renewal and termination respectively.