Must any agreement altering the Face Foundrie franchise agreement be in writing?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
This Guaranty, Indemnification, and Acknowledgment (this "Guaranty") is an unconditional, irrevocable and absolute guaranty of payment and performance and may not be cancelled, terminated, modified, or amended except by written agreement executed by both parties.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, any modifications or amendments to the Guaranty, Indemnification, and Acknowledgment agreement must be in writing and executed by both parties. This specific agreement is between the Franchisor and a guarantor of the franchisee's obligations.
This requirement ensures that all changes to the guaranty agreement are formally documented and agreed upon by both Face Foundrie and the guarantor. This protects both parties by preventing disputes over alleged verbal agreements or understandings. It also provides a clear record of the terms and conditions that the guarantor is bound by.
In practice, this means that if a Face Foundrie franchisee needs to alter the terms of their financial obligations, any changes to the guarantor's responsibilities must be documented in a written agreement signed by both Face Foundrie and the guarantor. This is a standard practice in franchising to maintain clarity and enforceability of contracts.