How can the Eos Worldwide franchise agreement be amended?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Agreement dated | WHEREAS, Releasor owns and operates an EOS Franchise (the "Franchise") under that Franchise , as it may have been amended (the "Franchise Agreement"); |
|---|---|
| WHEREAS, Releasor desires to (initial one), in accordance with the Franchise Agreement: | |
| Make a Transfer pursuant to Section 15 | |
| of the Franchise Agreement (as applicable, a | |
| "Transfer"); | |
| Renew the Franchised Agreement pursuant to Section 2.3 of the Franchise Agreement | |
| ("Renewal"); or | |
| Terminate the Franchise Agreement pursuant to Section 17.1 | |
| of the Franchise Agreement | |
| ("Termination"); and |
Source: Item 23 — RECEIPTS (FDD pages 74–246)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, the franchise agreement can be amended as indicated in the provided table. The table specifies that the Franchise Agreement can be amended, and it references sections related to making a transfer pursuant to Section 15, renewing the agreement pursuant to Section 2.3, or terminating the agreement pursuant to Section 17.1.
This means that changes to the original agreement are possible under certain conditions, such as transferring ownership, renewing the franchise term, or terminating the agreement. Each of these actions requires adherence to specific sections within the franchise agreement, ensuring that both the franchisee and Eos Worldwide follow a defined process for modifications or changes to the original contract.
Prospective franchisees should carefully review Sections 15, 2.3, and 17.1 of the franchise agreement to fully understand the conditions and procedures required for transfers, renewals, or terminations. Understanding these sections is crucial for franchisees to navigate potential changes to their franchise agreement during the course of their business operation with Eos Worldwide.