Who are the parties involved in the addendum to the Area Development Agreement with Monicals Pizza?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
e: | | Title: | |
FOR THE STATE OF HAWAII
| between Monical Pizza Corporation and | This Addendum to the Area Development Agreement is agreed to this day of, 20, by and | ||
|---|---|---|---|
| 1. | In recognition of the requirements of the Hawaii Franchise Investment Law, Hawaii Revised Statutes, | ||
| Title 26, Chapter 482E et seq., the Area Development Agreement for Monical Pizza Corporation is amended as follows: | |||
| | Hawaii Franchise Investment Law, the Hawaii Franchise Investment Law will control. | The Hawaii Franchise Investment Law provides rights to you concerning non-renewal, | |
| termination and transfer of the Area Development Agreement. If the Area Development | |||
| Agreement, and more specifically its Section 8, contains a provision that is inconsistent with | |||
| 2. | Each provision of this Addendum shall be effective only to the extent that the jurisdictional | ||
| requirements of the Hawaii Franchise Investment Law applicable to the provisions are met independently of this | |||
| Addendum. |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the addendum to the Area Development Agreement is made between Monical Pizza Corporation and the Developer. The addendum is created to address specific state laws, such as those in New York, Indiana, Hawaii, and Maryland, ensuring compliance with their respective franchise regulations.
Each addendum includes a statement indicating that both parties acknowledge having read the addendum and agree to be bound by its terms. The document provides signature lines for both Monical Pizza Corporation and the Developer, including spaces for the signatures, titles, and dates, signifying their agreement to the modified terms.
This structure is typical in franchising to ensure that franchise agreements comply with varying state laws. Prospective Monicals Pizza developers should carefully review any addenda applicable to their specific state to understand their rights and obligations under the Area Development Agreement.