Is there a State Addenda to the Bombs Away Disclosure Document included as an exhibit?

According to the 2024 Bombs Away Franchise Disclosure Document, a State Addenda to the Disclosure Document is included as Exhibit A. Item 23 includes receipts and lists the exhibits included in the disclosure document. Additionally, there are specific addenda for California, Maryland, Michigan, New York, Rhode Island, Virginia, Washington, North Dakota, Ohio, Illinois, and Hawaii. These addenda modify certain aspects of the standard franchise agreement to comply with state-specific franchise laws.

For a prospective Bombs Away franchisee, this means that the franchise agreement and disclosure document may have different terms and conditions based on the state in which the franchise is located. Franchisees should carefully review the addendum for their specific state to understand any modifications to the standard agreement. This includes variations in areas such as dispute resolution, termination rights, and waivers.

For example, the California addendum highlights requirements under the California Franchise Investment Law, including the delivery of all proposed agreements with the offering circular. The Maryland addendum specifies that the general release required upon renewal, sale, or transfer does not apply to liabilities under Maryland franchise law. The New York addendum includes information about comparing franchisors and contacting state authorities if anything in the FDD is untrue. These state-specific provisions are crucial for franchisees to understand their rights and obligations under the law.

It is typical for franchise agreements to have state-specific addenda to address the varying franchise laws across different states. Bombs Away's inclusion of these addenda ensures compliance with these regulations and provides franchisees with the necessary information relevant to their location. Prospective franchisees should consult with an attorney to fully understand the implications of their state's addendum.