Which exhibits in the Chop5 Salad Kitchen FDD contain information about state-specific requirements?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
ry course of business. In the opinion of management, all matters are of such kind, or involve such amounts, that unfavorable disposition, if any, would not have a material effect on the financial position of the Company.
CHOP5 FRANCHISE LLC NOTES TO FINANCIAL STATEMENTS
NOTE 4 - SUBSEQUENT EVENTS
Date of Management's Evaluation
Management has evaluated subsequent events through March 12, 2024, the date on which the financial statements were available to be issued.
EXHIBIT "H"
TO DISCLOSURE DOCUMENT
OTHER AGREEMENTS
EXHIBIT "H"-1
STATE ADDENDA
[See Attached]
STATE ADDENDA AND AMENDMENTS TO FRANCHISE AGREEMENT, SUPPLEMENTAL AGREEMENTS AND FRANCHISE DISCLOSURE DOCUMENT FOR CERTAIN STATES
BACKGROUND AND PURPOSE
The following modifications are made to the CHOP5 Salad Kitchen Franchise Disclosure Document ("FDD" or "Disclosure Document") issued by CHOP5 Franchise LLC ("we" or "us" or "franchisor") to franchisee ("you" or "franchisee") and may supersede certain portions of the Franchise Agreement between you and us dated _________________________, 202__ (the "Franchise Agreement"). When the term "Supplemental Agreements" is used, it means any area development agreement, area representative agreement, master franchise agreement, or similar agreement entered into between us and you, if applicable.
Certain states have laws governing the franchise relationship and franchise documents. Certain states require modifications to the FDD, Franchise Agreement, Supplemental Agreements and other documents related to the sale of a franchise.
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the FDD includes state addenda and amendments to the franchise agreement, supplemental agreements, and the FDD itself for certain states. These modifications are made to comply with state laws governing franchise relationships and documents.
The state addendum will modify the agreements to comply with applicable state laws and will only apply if the franchisee meets the requirements of the specific state, independent of signing the addendum. The terms of the state addendum for the applicable state will override any inconsistent provisions in the FDD, franchise agreement, or supplemental documents.
The Chop5 Salad Kitchen FDD specifies that the state addendum applies to California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Prospective franchisees in these states should carefully review the state-specific addenda for any modifications to the standard franchise agreement.