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INSTRUCTIONS FOR USE OF SBA FORM 2462 ADDENDUM TO FRANCHISE AGREEMENT SBA has issued a revised version of the Addendum to Franchise Agreement (SBA Form 2462) which became effective January 1, 2018.
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How to fill out addendum to franchise agreement

01
Read the original franchise agreement carefully to understand the terms and conditions that need to be modified or added.
02
Identify the specific sections or clauses that require revisions or additions.
03
Clearly state the purpose of the addendum and why it is necessary.
04
Write the addendum using clear and concise language.
05
Include a title for the addendum that accurately reflects the changes being made.
06
Begin the addendum by referencing the original franchise agreement, including the date and parties involved.
07
Clearly state the modifications or additions to be made, using numbered paragraphs if necessary.
08
Clearly specify any timelines or deadlines associated with the changes.
09
Include the signatures of all parties involved in the franchise agreement, including the date of signing.
10
Make copies of the completed addendum for all parties involved for their records.

Who needs addendum to franchise agreement?

01
Franchisors who want to make modifications or additions to an existing franchise agreement.
02
Franchisees who agree to the changes proposed by the franchisor.
03
Both franchisors and franchisees who mutually agree to revise certain terms or conditions of the franchise agreement.
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An addendum to a franchise agreement is a supplementary document that is added to the original agreement to modify or add specific terms, conditions, or provisions.
Both the franchisor and the franchisee may be required to file an addendum to the franchise agreement, depending on the nature of the changes being made.
To fill out an addendum to a franchise agreement, parties should clearly state the changes or additions being made, sign and date the document, and attach it to the original agreement.
The purpose of an addendum to a franchise agreement is to clearly document any changes or additions to the original agreement to avoid confusion or disputes in the future.
The addendum to a franchise agreement must include detailed information about the changes being made, including specific clauses or provisions being modified or added.
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