How can the Franchise Agreement for Closet Storage Concepts be modified?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
. You should read these provisions in the agreements attached to this Disclosure Document.**
THE FRANCHISE RELATIONSHIP
| s. | Modification of this | 11.1 | The Franchise Agreement may only be modified by |
|---|---|---|---|
| agreement | written amendment signed by both parties. | ||
| t. | Integration/merger clauses | 11.1 | The Franchise Agreement is the entire agreement between the parties (subject to state law). |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 49–55)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the Franchise Agreement can only be modified through a written amendment that has been signed by both parties. This means that any changes to the original agreement must be formally documented and agreed upon in writing by both Closet Storage Concepts and the franchisee to be legally binding.
This requirement protects both the franchisor and the franchisee by ensuring that all modifications are clear, unambiguous, and mutually agreed upon. It prevents either party from unilaterally altering the terms of the agreement. Franchisees should be aware that verbal agreements or understandings are not sufficient to change the terms of the Franchise Agreement; all modifications must be in writing and signed by both parties.
This is a standard practice in franchising, as it provides a clear record of any changes to the original agreement and helps to avoid disputes. The FDD also states that the Franchise Agreement represents the entire agreement between the parties, subject to state law, and does not disclaim express representations made in the Franchise Disclosure Document or any exhibits or amendments.