Does the Hawaii Addendum amend the entire Chocolate Fish Coffee Disclosure Document?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
HAWAII ADDENDUM TO DISCLOSURE DOCUMENT
In the State of Hawaii only, this Disclosure Document is amended as follows:
THESE FRANCHISES WILL BE/HAVE BEEN FILED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF HAWAII. FILING DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS OR A FINDING BY THE DIRECTOR OF COMMERCE AND CONSUMER AFFAIRS THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
THE FRANCHISE INVESTMENT LAW MAKES IT UNLAWFUL TO OFFER OR SELL ANY FRANCHISE IN THIS STATE WITHOUT FIRST PROVIDING TO THE PROSPECTIVE FRANCHISEE, OR SUBFRANCHISOR, AT LEAST SEVEN DAYS PRIOR TO THE EXECUTION BY THE PROSPECTIVE FRANCHISEE, OF ANY BINDING FRANCHISE OR OTHER AGREEMENT, OR AT LEAST SEVEN DAYS PRIOR TO THE PAYMENT OF ANY CONSIDERATION BY THE FRANCHISEE, OR SUBFRANCHISOR, WHICHEVER OCCURS FIRST, A COPY OF THE DISCLOSURE DOCUMENT, TOGETHER WITH A COPY OF ALL PROPOSED AGREEMENTS RELATING TO THE SALE OF THE FRANCHISE.
THIS DISCLOSURE DOCUMENT CONTAINS A SUMMARY ONLY OF CERTAIN MATERIAL PROVISIONS OF THE FRANCHISE AGREEMENT. THE CONTRACT OR AGREEMENT SHOULD BE REFERRED TO FOR A STATEMENT OF ALL RIGHTS, CONDITIONS, RESTRICTIONS AND OBLIGATIONS OF BOTH THE FRANCHISOR AND THE FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to the 2024 Chocolate Fish Coffee Franchise Disclosure Document, the Hawaii Addendum specifically amends the disclosure document for the state of Hawaii only. The document states, "In the State of Hawaii only, this Disclosure Document is amended as follows." This indicates that the changes and provisions outlined in the addendum are applicable only to prospective franchisees operating in Hawaii.
This means that if you are considering opening a Chocolate Fish Coffee franchise in Hawaii, you should pay close attention to the Hawaii Addendum, as it contains specific modifications and disclosures relevant to that state. These modifications could cover aspects such as franchise fees, legal requirements, or specific regulations applicable in Hawaii. Franchisees outside of Hawaii would not be subject to the terms of the addendum.
It is important for prospective franchisees to carefully review all addenda and exhibits in the FDD, as these documents provide crucial information about the franchise opportunity and any state-specific requirements. Understanding these details is essential for making an informed decision about investing in a Chocolate Fish Coffee franchise.