Under what conditions can the Area Development Agreement for Face Foundrie be modified?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section(s) in | Summary | |
|---|---|---|---|
| Area Development Agreement | |||
| (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 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 59–69)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, modifications to the Area Development Agreement require mutual agreement. Specifically, any amendment, change, or variance must be agreed upon by both parties, Face Foundrie and the franchisee, and must be documented in writing. Furthermore, the modification must be executed by authorized officers or agents of both parties to be considered binding.
This stipulation ensures that neither Face Foundrie nor the franchisee can unilaterally alter the terms of the Area Development Agreement, protecting the interests of both parties. It is a standard practice in franchising to require mutual consent for modifications to ensure fairness and stability in the contractual relationship. This requirement for written agreement helps prevent misunderstandings or disputes over alleged verbal agreements or informal changes.
Prospective Face Foundrie franchisees should understand that any promises or representations made outside of the formal Area Development Agreement and the Franchise Disclosure Document may not be enforceable. This underscores the importance of carefully reviewing all documents and ensuring that all material terms and conditions are included in the written agreements. Franchisees should seek legal counsel to review the Area Development Agreement before signing to fully understand their rights and obligations.