Besides what is expressly provided in Section 22.1, how can the Management Recruiters agreement be modified?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
22.11. Modification. Except as expressly provided in Section 22.1, the parties may modify this Agreement only by written instrument signed by the parties.
Source: Item 23 — RECEIPTS (FDD pages 67–327)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, outside of the conditions outlined in Section 22.1 regarding severability and substitution, the franchise agreement can only be modified through a written instrument. This written instrument must be signed by both parties, meaning both Management Recruiters (the franchisor) and the franchisee must agree to and sign the modification for it to be valid.
This requirement for a written and signed modification is a standard practice in franchising. It ensures that any changes to the original agreement are documented and agreed upon by all parties involved, preventing misunderstandings or disputes later on. It also provides a clear record of the modifications made to the agreement over time.
For a prospective Management Recruiters franchisee, this means that any desired changes to the franchise agreement must be formally proposed and agreed upon in writing with Management Recruiters. Verbal agreements or understandings will not be sufficient to alter the terms of the contract. This protects both the franchisee and franchisor by providing a clear and enforceable record of any modifications.