Where must modifications to the Cornwell Quality Tools agreement be accepted?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned, individually and/or collectively, having a franchised dealership of Cornwell Quality Tools products and (if applicable) the individual owner or owners of such dealership if it is an entity, as active partners in the operation of the business (individually and/or collectively referred to as "Dealer"), hereby orders and agrees to purchase from CORNWELL QUALITY TOOLS COMPANY, an Ohio Corporation ("Cornwell"), the inventory and other property to be delivered to Dealer by Cornwell and described on documentation to be sent to Dealer at the times of shipment (the "Inventory"). This order will become binding and effective when accepted in writing by Cornwell in Ohio.
Source: Item 23 — RECEIPT (FDD pages 101–373)
What This Means (2025 FDD)
According to the 2025 Cornwell Quality Tools Franchise Disclosure Document, the Dealer Purchase Order, Note, and Security Agreement becomes binding and effective when accepted in writing by Cornwell Quality Tools in Ohio. This applies to both the Franchise Developer DSA Dealer Purchase Order, Note and Security Agreement and the Special Rep DSA Dealer Purchase Order, Note and Security Agreement.
This means that any modifications or amendments to these agreements, or the agreements themselves, are only valid once Cornwell Quality Tools provides written acceptance in Ohio. This clause ensures that all agreements are officially sanctioned by the company's headquarters and provides a clear jurisdiction for the agreement's enforcement.
For a prospective Cornwell Quality Tools franchisee, this highlights the importance of understanding that any negotiations or promises made during the franchise sales process are not binding until formally approved in writing by Cornwell Quality Tools in Ohio. Franchisees should ensure that all agreed-upon terms are documented and officially accepted to avoid potential misunderstandings or disputes later on.