What is the role of an officer of Craters & Freighters Franchise Company in relation to written addendums?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
or the Franchise Agreement or any attached written addendum signed by me and an officer of Craters & Freighters Franchise Company, were made to me by any person or entity, nor have I relied in any way on same, except as follows:
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, a Craters & Freighters Franchise Company officer must sign any written addendum to the Franchise Agreement for it to be considered valid. This requirement is part of a statement that the franchisee must acknowledge. The franchisee confirms that no promises or agreements that contradict the FDD or Franchise Agreement were made unless they are documented in a written addendum signed by both the franchisee and a Craters & Freighters officer.
This stipulation protects both Craters & Freighters and the franchisee by ensuring that all agreements are documented and officially recognized. It prevents misunderstandings or disputes based on verbal agreements or undocumented promises. The franchisee is essentially warranting that they are not relying on any information outside of the official documents unless it's been formalized through a signed addendum.
This requirement is a fairly standard practice in franchising. It ensures transparency and accountability in the franchise relationship. Prospective franchisees should pay close attention to this clause and ensure that any additional agreements or understandings are properly documented and signed by an authorized officer of Craters & Freighters to avoid future disputes.