What section of the Buildingstars FDD includes 'EXHIBIT E STATE SPECIFIC ADDENDA'?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPT]
EXHIBIT E STATE SPECIFIC ADDENDA
STATE LAW ADDENDA-ILLINOIS
Notwithstanding anything contained in the foregoing Franchise Agreement and Franchise Disclosure Document ("FDD") to the contrary, the following provisions of the Illinois Franchise Disclosure Act ("Act") shall apply to any franchise located in the State of Illinois, which shall control to the extent of any inconsistency:
Illinois law governs the Franchise Agreement.
In conformance with Section 4 of the Illinois Franchise Disclosure Act, any provision in a franchise agreement that designates jurisdiction and venue in a forum outside of the State of Illinois is voice. However, a franchise agreement may provide for arbitration to take place outside of Illinois.
Your rights upon Termination and Non-Renewal are set forth in sections 19 and 20 of the Illinois Franchise Disclosure Act.
In conformance with section 41 of the Illinois Franchise Disclosure Act, any condition, stipulation or provision purporting to bind any person acquiring any franchise to waive compliance with the Illinois Franchise Disclosure Act or any other law of Illinois is void.
No statement, questionnaire, or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
BUILDINGSTARS MANAGEMENT, INC. Its: Its:
NEW YORK ADDENDUM TO FRANCHISE DISCLOSURE DOCUMENT
To the extent the New York General Business Law, Article 33, §§680 - 695 applies, the terms of this Addendum apply.
Source: Item 23 — RECEIPT (FDD pages 43–217)
What This Means (2025 FDD)
According to the 2025 Buildingstars Franchise Disclosure Document, Exhibit E, titled 'STATE SPECIFIC ADDENDA,' is found in Item 23, which pertains to receipts. This exhibit includes state-specific addenda, such as those for Illinois and New York, which modify the franchise agreement to comply with local laws.
For a prospective Buildingstars franchisee, this means that the standard franchise agreement is subject to change based on the state in which the franchise operates. The Illinois addendum, for example, specifies that Illinois law governs the franchise agreement and addresses issues such as jurisdiction, venue, termination, non-renewal rights, and waivers of compliance with Illinois law. Similarly, the New York addendum incorporates the terms of the New York General Business Law.
It is important for franchisees to carefully review the state-specific addenda applicable to their location to understand how local laws may affect their rights and obligations under the franchise agreement. These addenda are designed to ensure compliance with state franchise laws and may provide additional protections or impose additional requirements on the franchisee. Franchisees should consult with legal counsel to fully understand the implications of these state-specific provisions.