According to the Learningrx agreement, how can the agreement be modified?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
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- This Agreement contains the entire agreement of the parties regarding the subject matter hereof. This Agreement may be modified only by a duly authorized writing executed by all parties.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to the 2025 Learningrx Franchise Disclosure Document, the franchise agreement contains the entire agreement between the parties involved. Any modifications to the agreement must be made in writing and duly authorized and executed by all parties involved.
This means that verbal agreements or understandings will not be considered valid modifications to the franchise agreement. Both Learningrx and the franchisee must agree to the changes in writing, ensuring that there is a clear record of the modifications made.
This requirement protects both Learningrx and the franchisee by ensuring that any changes to the agreement are formally documented and agreed upon, reducing the potential for misunderstandings or disputes in the future. It is a fairly standard clause in franchise agreements to ensure clarity and enforceability.