Who has the authority to sign an Amendment to Area Development Agreement on behalf of Stretch Zone?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
| This Addendum to Area Development Agreement is signed on |
|---|
| between Stretch Zone Franchising, LLC ("we" "us" or "our") and |
| ("you" or "your") to amend the Area Development Agreement as follows: |
Source: Item 8 — Receipts. Any sale made must be in compliance with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.), which describes the time period a Franchise Disclosure Document (offering prospectus) must be provided to a prospective franchisee before a sale may be made. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. (FDD pages 99–263)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, the Area Development Agreement can be amended, supplemented, or otherwise modified by a written agreement that the parties sign. This indicates that both Stretch Zone Franchising, LLC, and the developer must agree to and sign any amendments to the Area Development Agreement.
Several addenda included in the FDD, such as the Minnesota and Hawaii Addenda, explicitly state that they are signed between Stretch Zone Franchising, LLC, and the developer to amend the existing Area Development Agreement. This reinforces the requirement for both parties to sign any amendments.
In practical terms, this means that a prospective Stretch Zone area developer should understand that any changes to their Area Development Agreement must be mutually agreed upon and documented in writing, with signatures from both the developer and Stretch Zone Franchising, LLC. This ensures that both parties are in agreement regarding any modifications to the original terms.