When does the Illinois amendment to the Dryer Vent Squad Franchise Agreement get executed?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
IN WITNESS WHEREOF, the parties have duly executed and delivered this Illinois amendment to DVS Holdings, Inc. Franchise Agreement on the same date as the Franchise Agreement was executed.
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, the Illinois amendment to the Dryer Vent Squad Franchise Agreement is executed on the same date as the Franchise Agreement. This means that when a franchisee signs the main Dryer Vent Squad Franchise Agreement, they will also sign the Illinois amendment at the same time.
This simultaneous execution ensures that the specific legal requirements of Illinois are immediately incorporated into the franchise relationship. These requirements address aspects such as governing law, jurisdiction, venue, franchisee rights upon termination or non-renewal, and waivers of compliance with Illinois law.
For a prospective Dryer Vent Squad franchisee in Illinois, this means that the franchise agreement is automatically adapted to comply with Illinois law from the outset, providing certain legal protections and rights specific to franchisees operating in that state. It is important for franchisees to carefully review both the main Franchise Agreement and the Illinois amendment to fully understand their rights and obligations.