Who must sign a written change to the Fitstop Franchise Agreement for it to be binding on Fitstop USA, Inc.?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
- 20.3 No interpretation, change, termination, or waiver of any of the provisions hereof shall be binding upon us unless in writing signed by an officer or franchising director of us, and which is specifically identified as an amendment hereto.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, any changes to the Franchise Agreement must be in writing to be binding. Specifically, an officer or franchising director of Fitstop must sign the written change or amendment. This ensures that any modifications, waivers, terminations, or interpretations are officially sanctioned by Fitstop and clearly documented.
This requirement protects both Fitstop and the franchisee by preventing misunderstandings or disputes based on verbal agreements or undocumented changes. It ensures that all binding terms are formally agreed upon and recorded in writing, providing a clear reference for both parties.
For a prospective Fitstop franchisee, this means that any promises, representations, or agreements made outside the formal, written Franchise Agreement (including its amendments, schedules, or exhibits) may not be enforceable. It is crucial to ensure that all material terms and conditions are documented in writing and signed by an authorized representative of Fitstop to avoid potential future disputes or unmet expectations. This is a standard practice in franchising to maintain clarity and legal certainty in the franchise relationship.