What is the State Law Addendum in the Advanced Mobile Iv And Amiv franchise agreement?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
Date of Issuance: August 11, 2023, as amended February 6, 2024
I have received a disclosure document dated as indicated above that included the following Exhibits:
- A. Financial Statements
- B. Standard Franchise Agreement and schedules
- C. Telephone Acknowledgment and Conditional Assignment
- D. EFT Authorization
- E. State Law Addendum
- F. List of State Agents for Service of Process and State Administrators
- G. SBA Addendum
- H. List of Current and Former Franchisees
- I. Medical Director Agreements
- J. Confirmation of Additional Terms and Representations
- K. State Effective Dates
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 E is the State Law Addendum. The document also lists states with franchise laws that require the Franchise Disclosure Document to be registered or filed, or be exempt from registration. These states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
Furthermore, the document indicates the effective dates for specific states. As of August 21, 2023, the document is effective for use in Michigan. The document also mentions that other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Prospective franchisees should carefully review Exhibit E, the State Law Addendum, to understand their rights and obligations under the franchise agreement in their specific state. They should also consult with a legal professional to ensure they are in compliance with all applicable state laws and regulations.