Which exhibit contains the Chem Dry Business Note in this disclosure document?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchise Agreement is attached as Exhibit B to this disclosure document. The Equipment Agreement is attached as Exhibit B to the Franchise Agreement. The Software License Agreement is attached as Exhibit C to the Franchise Agreement. The Consolidated Office Agreement is attached as Exhibit D to the Franchise Agreement. State addenda (where applicable) are attached as Exhibit E to the Franchise Agreement. The Release Agreements are attached as Exhibit F to the Franchise Agreement. The Business Note is attached as Exhibit C to this disclosure document. Exhibit I is the disclosure questionnaire.
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the Business Note is attached as Exhibit C to the disclosure document. This means that prospective franchisees can find the specific terms and conditions of the Business Note, which likely outlines financial obligations or financing arrangements, in Exhibit C of the FDD. Franchisees should carefully review Exhibit C to understand their responsibilities related to the Business Note, including payment schedules, interest rates, and any associated collateral requirements. Understanding these details is crucial for managing their financial obligations to Chem Dry. It is important to consult with a financial advisor or attorney to fully understand the implications of the Business Note before signing the franchise agreement.