What exhibits are included in this Best Brains disclosure document?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated May 27, 2025 that included the following Exhibits:
Exhibit A State Administrators and Agents for Service of Process
Exhibit B Franchise Agreement
Schedule 1-Franchise Location
Schedule 2-Lease Rider
Schedule 3-ACH Authorization Form
Schedule 4-Initial Inventory Agreement
Schedule 5-State Law Addenda to the Franchise Agreement
Exhibit C Promissory Notes Exhibit D Option Agreement Exhibit E List of Franchisees
Exhibit F List of Former Franchisees
Exhibit G Release
Exhibit H Financial Statements
Exhibit I State Addenda to the Disclosure Document
Exhibit J State Effective Dates
Exhibit K Receipts
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, several exhibits are included. These exhibits provide detailed information and agreements related to the franchise offering. Specifically, Exhibit A lists the State Administrators and Agents for Service of Process, which is crucial for legal and regulatory compliance. Exhibit B contains the Franchise Agreement, the core contract governing the relationship between Best Brains and the franchisee. Schedules 1 through 5 provide further details, including the Franchise Location (Schedule 1), Lease Rider (Schedule 2), ACH Authorization Form (Schedule 3), Initial Inventory Agreement (Schedule 4), and State Law Addenda to the Franchise Agreement (Schedule 5).
Additional exhibits include Exhibit C, which contains Promissory Notes, and Exhibit D, which outlines the Option Agreement. Exhibit E provides a List of Franchisees, while Exhibit F lists Former Franchisees. Exhibit G includes the Release agreement, and Exhibit H contains the Financial Statements of Best Brains. Exhibit I includes State Addenda to the Disclosure Document, providing state-specific information. Exhibit J lists State Effective Dates, and Exhibit K includes Receipts related to the disclosure document.
Prospective franchisees should carefully review each of these exhibits to fully understand their rights, obligations, and the overall terms of the Best Brains franchise agreement. Understanding these documents is essential before signing any binding agreements or making payments to Best Brains. The exhibits collectively offer a comprehensive view of the legal and financial aspects of the franchise opportunity.