What happens if the Cinnaholic Development Agreement is amended or modified?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| In consideration | of, | and as | an | inducement to, | the execution | by | CINNAHOLIC | FRANCHISING, | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LLC | ("Franchisor") | of | that | certain | CINNAHOLIC | FRANCHISING, | LLC | Market | Development | ||||
| Agreement, | dated | , | 20 | (as the same | from time to | time may | be | amended or | modified, | the | |||
| "Development | Agreement"), | by | and | between | ("Developer") | and | |||||||
| Franchisor, |
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the Market Development Agreement, dated 20, may be amended or modified from time to time. The developer is still responsible for fulfilling all obligations to Cinnaholic Franchising, LLC, until all obligations are satisfied, even with these amendments or modifications.
This means that even if the Development Agreement changes after it is initially signed, the developer (franchisee) is still bound by its terms until all obligations to Cinnaholic are met. This could include financial obligations, development schedules, or other requirements outlined in the agreement.
For a prospective Cinnaholic franchisee, this highlights the importance of carefully reviewing the Development Agreement and understanding all its terms and conditions. Franchisees should also stay informed of any amendments or modifications to the agreement and how those changes might affect their obligations. It is also important to seek legal counsel to fully understand the implications of any modifications to the agreement.