How must notices and demands be given under the Devon Creek agreement?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
If directed to Franchisee: If directed to Covenantor:
Any change in the foregoing addresses shall be affected by giving written notice of such change to the other parties.
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, any changes to the addresses for notices must be made by providing written notice to the other parties. The FDD includes a section specifying where notices should be directed for both the franchisee and any covenantor involved in the agreement.
For a prospective Devon Creek franchisee, this means that all official communications and legal notices from Devon Creek will be sent to the address specified in the franchise agreement, unless the franchisee provides written notice of a change of address. It is crucial for franchisees to keep this information updated to ensure they receive important communications regarding their franchise. Similarly, Devon Creek needs to be informed in writing of any address changes.
The requirement for written notice ensures there is a clear record of any changes to contact information, which can be important for legal and contractual reasons. This also applies to any covenantor, who may be guaranteeing the franchisee's obligations. The FDD specifies separate addresses for notices to the franchisee and any covenantor, highlighting the importance of directing communications to the correct party.