Under the Extreme Art Studio lease addendum, can the addendum be amended verbally?

According to the 2024 Extreme Art Studio Franchise Disclosure Document, the lease addendum cannot be amended verbally. The FDD states that any changes to the addendum must be made in writing and signed by all parties involved. This requirement ensures that all amendments are clearly documented and agreed upon, preventing potential misunderstandings or disputes.

This provision is typical in franchise agreements to maintain consistency and protect the interests of all parties. Requiring written amendments provides a clear record of any changes to the original agreement, which is crucial for legal and operational clarity. It also prevents any informal or undocumented changes that could lead to confusion or disagreements.

For a prospective Extreme Art Studio franchisee, this means that any desired changes to the lease addendum must be formally documented and agreed upon in writing. This includes obtaining the signatures of all relevant parties, such as the landlord, tenant (franchisee), and potentially Extreme Art Studio itself. Failure to adhere to this requirement could render any verbal agreements invalid and unenforceable.