How can the Stretch Zone Security Agreement be changed or modified?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
- (a) Modification. No change or modification of this Agreement is valid unless it is in writing, making specific reference to amending this Agreement and signed by all of the parties.
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to the 2025 Stretch Zone Franchise Disclosure Document, any changes or modifications to the Security Agreement must be in writing. The written modification must specifically state that it is amending the Security Agreement. Furthermore, all parties involved must sign the written modification for it to be considered valid.
This requirement ensures that all changes are formally documented and agreed upon by all parties, preventing misunderstandings or disputes that could arise from verbal agreements or informal modifications. It protects both Stretch Zone and the franchisee by providing a clear record of any alterations to the original agreement.
This type of clause is standard in franchise agreements to maintain clarity and enforceability. Prospective Stretch Zone franchisees should carefully review the Security Agreement and understand this modification process to ensure any future changes are properly implemented and documented.