Under what conditions can the Precision Door Service franchise agreement be modified?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement (i) sets forth the entire understanding among Buyer, Owner and Franchisor with respect to its subject matter and cannot be changed except by written instrument signed by you and Franchisor, and (ii) is separate from any other agreement regarding conditions to Franchisor's consent to the Transfer or any agreement between Buyer and Seller regarding the Transfer.
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to the 2025 Precision Door Service FDD, the franchise agreement can only be changed through a written instrument signed by both the franchisee and Precision Door Service. This ensures that any modifications are formally documented and agreed upon by both parties, providing clarity and legal protection.
This requirement for a written agreement helps prevent misunderstandings or disputes that could arise from verbal agreements or informal communications. It also allows both the franchisee and Precision Door Service to have a clear record of the changes made to the original agreement. This is a fairly standard clause in franchise agreements, as it protects both parties and ensures transparency.
This clause emphasizes the importance of carefully reviewing any proposed changes to the franchise agreement and seeking legal counsel if needed. Franchisees should ensure that all modifications are documented in writing and signed by both parties before considering them binding. This protects the franchisee's interests and ensures that the franchise relationship remains clear and well-defined.