Under what conditions can the arbitration agreement for Management Recruiters be modified or terminated?

According to Management Recruiters' 2024 Franchise Disclosure Document, the arbitration agreement remains in effect unless both parties, the franchisee and Management Recruiters, mutually agree in writing to either modify or terminate it. This requirement for written mutual consent ensures that neither party can unilaterally alter or end the arbitration agreement, providing a stable framework for dispute resolution.

This condition protects both the franchisee and Management Recruiters by ensuring that any changes to the arbitration agreement are agreed upon by both parties. This mutual agreement clause is fairly standard in franchise agreements, as it prevents one party from imposing unfavorable changes on the other.

Prospective franchisees should understand that this clause means they cannot independently change or cancel the arbitration agreement once it is in place. Any desired modifications or termination must be negotiated and agreed upon in writing with Management Recruiters. This provision aims to provide certainty and stability in the dispute resolution process throughout the term of the franchise agreement.