How can the Focus Cfo franchise agreement be amended?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
No amendment, change or variance from this Agreement shall be binding on either party unless executed in writing by both parties; provided however Focus CFO may, from time to time and at its sole discretion, modify, revise, amend or change the Attachments attached hereto upon written notice to Franchisee.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, amendments to the franchise agreement require a written agreement executed by both parties. This means that any changes to the original agreement must be formally documented and signed by both Focus Cfo and the franchisee to be legally binding. This requirement ensures that both parties are aware of and consent to any modifications to the terms of the franchise agreement.
However, Focus Cfo retains the sole discretion to modify, revise, amend, or change the attachments to the agreement. These changes can be made with written notice to the franchisee. This provision gives Focus Cfo flexibility to update operational procedures, standards, or requirements outlined in the attachments without requiring the franchisee's explicit consent for each change. Franchisees should pay close attention to any notices regarding changes to attachments, as these modifications will be binding.
Several attachments to the Focus Cfo franchise agreement, such as Attachment G regarding Required IT Services and Attachment E regarding Franchisee Performance Standards, specifically state that Focus Cfo has the right to modify the provisions within them with 30 days prior written notice. This highlights the areas where Focus Cfo has the most flexibility to make unilateral changes, and it is crucial for prospective franchisees to understand the implications of these potential modifications on their business operations and performance expectations.