What is the purpose of the Multi-State Addendum for Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
ADVANCED MOBILE IV, LLC DBA AMIV("we/us"), desires to verify certain information about the sales process and to confirm any additional commitments or terms beyond those contained in our standard franchise agreement and contained in our current "Franchise Disclosure Document," including any oral statement, representation, promise, or assurance made during the negotiations for the purchase of an AMIV™ franchise by any of our directors, officers, employees, agents, or representatives (each, a "Representative").
BACKGROUND AND GENERAL INFORMATION
This Addendum may not be signed or used if the franchisee resides within, or if the franchised business will be located within the State of Maryland.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, Exhibit J, titled "Confirmation of Additional Terms and Representations," serves to verify information about the sales process and confirm any additional commitments or terms beyond those in the standard franchise agreement and the Franchise Disclosure Document. This includes any oral statements, representations, promises, or assurances made during negotiations for the purchase of an AMIV franchise by any of Advanced Mobile Iv And Amiv's representatives.
This addendum is used by Advanced Mobile Iv And Amiv to ensure that both parties are aligned on the terms and representations made during the franchise sales process, clarifying any potential discrepancies or misunderstandings. However, the addendum explicitly states that it cannot be signed or used if the franchisee resides or the franchised business will be located in the State of Maryland.
For a prospective franchisee, this means that if you are not in Maryland, you may be required to sign this addendum to confirm that you understand and agree to any additional terms or representations made during the sales process. It is crucial to carefully review this addendum and ensure that all information is accurate and consistent with your understanding of the franchise agreement. If you are considering opening an Advanced Mobile Iv And Amiv franchise in Maryland, this addendum will not apply.