In the Virginia amendment for City Publications, what action are both parties taking by signing the amendment?

According to the 2025 City Publications Franchise Disclosure Document, the Virginia amendment specifies that both City Publications and the franchisee acknowledge having read the amendment, understand its terms, and consent to be bound by them. This indicates a mutual agreement to modify the original franchise agreement to comply with specific provisions of Virginia law.

Specifically, the amendment addresses Section 18B.1.h of the Franchise Agreement, which concerns the termination of the agreement upon the franchisee's bankruptcy. The amendment notes that this section may not be enforceable under federal bankruptcy law. By signing the amendment, both parties agree to this clarification and its potential impact on the enforceability of that particular clause.

This type of amendment is common in franchising to ensure that franchise agreements comply with state-specific laws, which can vary significantly. It protects both the franchisor and franchisee by clarifying how the franchise agreement should be interpreted and enforced within the specific jurisdiction. Prospective franchisees should carefully review all state-specific amendments to understand their rights and obligations fully.