What is the document called that modifies the Renewal Franchise Agreement for Circle K?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
ough ownership of voting securities, by contract or otherwise. For avoidance of doubt, an affiliate of Franchisor includes, without limitation, Circle K Stores Inc. and any of its subs
Source: Item 22 — CONTRACTS (FDD page 100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the document that modifies the Franchise Agreement is referred to as an amendment, addendum, modification, exhibit, or extension. These changes must be mutually agreed upon by both Circle K and the franchisee.
This means that any alterations to the original franchise agreement require the consent of both parties involved. This protects the franchisee from unilateral changes imposed by Circle K and ensures that any modifications are made through a collaborative process. Franchisees should carefully review any proposed amendments or modifications to fully understand their implications before agreeing to them.
It is typical in franchising for modifications to franchise agreements to occur via written amendments or addenda. These ensure that both parties are aligned on any changes to the original terms and conditions. Franchisees should maintain thorough records of all agreements, amendments, and related documents throughout the term of their franchise.