What is the title of Exhibit C-1 to the 360 Painting Franchise Disclosure Document?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
- EXHIBIT C-1 MISCELLANEOUS INFORMATION; TERRITORY DEFINED
- EXHIBIT C-2 PERSONAL COVENANTS
- EXHIBIT C-3 INTERNET WEB SITES AND LISTINGS AGREEMENT
- EXHIBIT C-4 TELEPHONE LISTING AGREEMENT
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, Exhibit C-1 is titled "MISCELLANEOUS INFORMATION; TERRITORY DEFINED". This exhibit is referenced within the Franchise Agreement itself, where it is used to specify key details relevant to the agreement.
Exhibit C-1 plays a crucial role in defining the relationship between 360 Painting and its franchisees. It includes the effective date of the agreement, the franchisee's name, the initial franchise fee ($65,000) and initial technology fee ($5,000), and the addresses of both the franchisor and franchisee. This information is essential for establishing the legal framework of the franchise.
Furthermore, Exhibit C-1 outlines the franchisee's protected territory, which is a critical aspect of the franchise agreement. The exhibit may include a map representing the protected territory, but the zip codes listed on Exhibit C-1 will take precedence in case of any discrepancies. This ensures clarity and avoids potential conflicts regarding the franchisee's exclusive operating area.
Finally, Exhibit C-1 also includes information regarding disclosure law compliance, such as the delivery date of the disclosure document and a copy of the receipt, which is attached as Exhibit C-9. This demonstrates 360 Painting's adherence to legal requirements and provides franchisees with important documentation related to their franchise purchase.