Under what conditions can the General Release for Monicals Pizza be altered or amended?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
This General Release constitutes the entire agreement between the parties with respect to the subject matter hereof. This General Release supersedes any prior agreements, negotiations and discussions between Releasor and Releasee. This General Release cannot be altered or amended except by an agreement in writing signed by the duly authorized representatives of the parties.
including, without limitation, claims arising under federal, state and local laws, rules and ordinances, .
Releasor shall reimburse Releasee for any and all costs and reasonable attorney fees incurred by Releasee in the enforcement of the terms of this General Release, whether or not suit shall be required.
This General Release shall be effective as of the date executed and shall be binding upon the successors and assigns of the parties and shall inure to the benefit of Releasee, its affiliates and their successors and assigns.
This General Release shall be governed by and construed in accordance with the laws of the State of Illinois, without resort to its choice of law provisions.
This General Release shall not be amended or modified unless such amendment or modification is in writing and is signed by Releasor and Releasee.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the General Release can only be altered or amended through a specific written agreement. This agreement must be signed by authorized representatives from both parties involved, ensuring that any changes are mutually agreed upon and formally documented.
This requirement for a written and signed agreement provides a level of security and clarity for both Monicals Pizza and the franchisee. It prevents misunderstandings or disputes that could arise from verbal agreements or informal modifications. By mandating that all changes be in writing, the agreement ensures that there is a clear record of the agreed-upon terms.
For a prospective Monicals Pizza franchisee, this means that any desired changes to the General Release must be formally negotiated and documented. It is crucial to ensure that any modifications are properly recorded in writing and signed by authorized representatives to be considered valid and enforceable. This protects both the franchisee and Monicals Pizza by providing a clear and unambiguous record of the terms of the agreement.