How often may Red Wagon Club modify the specifications for the Technology System?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
e of a Red Wagon Club franchise is a significant long-term commitment, complete with its associated risks, and (b) is not relying on any statements, representations, promises or assurances that are not specifically set forth in Franchisor's Franchise Disclosure Document and Exhibits (collectively, the "FDD") in deciding to purchase the franchise.
In that regard, I represent to Franchisor and acknowledge that:
| separately, two (2) consecutive successor Franchises of five (5) years each. The acquisition of the first | Franchisee agrees to obtain and use business management services software, phone systems, and |
|---|---|
| such other computer hardware, software, and technology that Franchisor periodically specifies to be used | |
| in connection with Franchisee’s RWC Business (the “Technology System”). Franchisor may modify | |
| specifications for and components of the Technology System from time to time and Franchisee agrees to | |
| implement Franchisor’s modifications within ninety (90) days after Franchisee receives notice from | |
| Franchisor. |
Source: Item 23 — RECEIPTS (FDD pages 47–142)
What This Means (2024 FDD)
According to the 2024 Red Wagon Club Franchise Disclosure Document, Red Wagon Club may modify the specifications and components of the Technology System from time to time. The franchisee is obligated to implement these modifications within 90 days of receiving notice from Red Wagon Club.
Red Wagon Club may also periodically require the franchisee to purchase, lease, or license new or modified computer hardware and/or software and to obtain service and support for the Technology System. The franchisee is responsible for the costs associated with obtaining the computer hardware and software, including any additions and modifications, as well as the required service or support, as Red Wagon Club may require and modify periodically.
This means that as a Red Wagon Club franchisee, you must stay current with the technology system that Red Wagon Club requires. You will be responsible for the costs of these updates. It is important to factor in the potential costs of these technology updates when considering the financial investment of a Red Wagon Club franchise.