What is required before the lease for a Face Foundrie franchise can be terminated, modified, or amended?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Amendments. Tenant agrees that the Lease may not be terminated, modified or amended without Franchisor's prior written consent, nor shall Landlord accept surrender of the Premises without Franchisor's prior written consent. Tenant agrees to promptly provide Franchisor with copies of all proposed modifications or amendments and true and correct copies of the signed modifications and amendments.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Face Foundrie Franchise Disclosure Document, a Face Foundrie franchisee must obtain the franchisor's prior written consent before terminating, modifying, or amending their lease agreement. Additionally, the landlord cannot accept surrender of the premises without Face Foundrie's prior written consent. The franchisee is also required to promptly provide Face Foundrie with copies of all proposed modifications or amendments, as well as true and correct copies of the signed modifications and amendments.
This provision ensures that Face Foundrie maintains control over the location of its franchises and protects its brand identity. By requiring consent for lease changes, Face Foundrie can prevent franchisees from making alterations that could negatively impact the business or the brand's image. This also allows Face Foundrie to stay informed about any potential issues with the lease and to take appropriate action if necessary.
For a prospective Face Foundrie franchisee, this means that any negotiation or alteration to the lease agreement must involve Face Foundrie. Failure to obtain prior written consent could result in a breach of the franchise agreement and potential penalties. Therefore, it is crucial for franchisees to maintain open communication with Face Foundrie regarding all lease-related matters.