What section of the Face Foundrie Area Development Agreement discusses modification of the agreement?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section(s) in Area Development Agreement | Summary | |
|---|---|---|---|
| (s) | Modification of the agreement | Section 15 | Except for those permitted to be made unilaterally by us hereunder, no amendment, change, or variance from the Area Development Agreement will be binding on either party unless mutually agreed to by the parties and executed by their authorized officers or agents in writing. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION OF THE FRANCHISE RELATIONSHIP (FDD pages 51–59)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, Section 15 of the Area Development Agreement addresses modifications. This section stipulates that any changes to the Area Development Agreement must be mutually agreed upon in writing by both Face Foundrie and the area developer, with authorized officers or agents executing the agreement.
This requirement ensures that all modifications are formally documented and agreed upon, preventing misunderstandings or disputes later on. It also protects both parties by requiring written consent, making sure that neither party can unilaterally alter the terms of the agreement, except for changes Face Foundrie is permitted to make.
For a prospective Face Foundrie area developer, this means that any desired changes to the Area Development Agreement must be negotiated and formalized in writing. It is important to understand which changes Face Foundrie is permitted to make unilaterally. This clause provides a level of security and clarity, ensuring that the agreement remains stable and predictable unless both parties consent to alterations.