What document is amended by Item 22 for the Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
ADDENDUM TO BUMPER MAN INC.
FRANCHISE DISCLOSURE DOCUMENT
The following are additional disclosures for the Franchise Disclosure Document of Bumper Man, Inc. required by various state franchise laws. Each provision of these additional disclosures will not apply unless, with respect to that provision, the jurisdictional requirements of the applicable state franchise registration and disclosure law are met independently without reference to these additional disclosures.
CALIFORNIA
- Item 3 of the Disclosure Document is supplemented by the following language:
Neither we nor any person or franchise broker identified in Item 2 of the Disclosure Document is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities Exchange Act of 1934, 15 U.S.C.A.78a et seq., suspending or expelling such persons from membership in that association or exchange.
- Item 11 of the Disclosure Document is supplemented by the following language:
The interest rate in California cannot exceed 10%.
- Item 17 of the Disclosure Document is supplemented by the following language:
California Business and Professions Code Sections 20000 through 20043 provide rights to the franchisee concerning termination, transfer or nonrenewal of a franchise. If the Franchise Agreement contains a provision that is inconsistent with the law, the law will control.
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Item 22 addresses the contracts related to the franchise. Specifically, in certain states, Item 22 includes addenda that amend the Franchise Disclosure Document (FDD) itself. These amendments provide additional disclosures required by state franchise laws.
For example, for franchisees in California, Item 22 supplements specific items within the Disclosure Document. Item 3 is supplemented with language regarding orders of national securities associations or exchanges. Item 11 is supplemented to specify that the interest rate in California cannot exceed 10%. Item 17 is supplemented to inform franchisees of their rights concerning termination, transfer, or nonrenewal as provided by the California Business and Professions Code.
This means that prospective Bumper Man franchisees in states like California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin should pay close attention to the state addenda within Item 22. These addenda modify the standard franchise terms to comply with local laws, and understanding these modifications is crucial for operating a Bumper Man franchise in those states.