Can the Hyper Kidz Multi-Unit Development Agreement be modified?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Section in Multi- | Summary | |
|---|---|---|---|
| (s) Modification of the agreement | Section 18 | The Multi-Unit Development Agreement may not be modified unless mutually agreed to in writing. You must comply with Manual as amended |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 41–49)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, the Multi-Unit Development Agreement cannot be modified unless both Hyper Kidz and the multi-unit developer agree to the changes in writing. This requirement ensures that any modifications to the original agreement are formally documented and agreed upon by all parties involved, preventing potential disputes or misunderstandings later on.
This provision is typical in franchise agreements, as it protects both the franchisor and the franchisee by ensuring that changes are made consciously and with mutual consent. It also reinforces the importance of adhering to the Hyper Kidz Operations Manual, which may be amended by Hyper Kidz from time to time. Franchisees must stay current with these updates.
For a prospective Hyper Kidz multi-unit developer, this means that any desired changes to the development agreement must be negotiated and documented in writing. Verbal agreements or understandings will not be enforceable. This clause provides a level of security, as it prevents unilateral changes to the agreement by either party, fostering a more stable and predictable business relationship.