What is Exhibit C in the Cornwell Quality Tools franchise agreement?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
| I have re | eceived a Disclosure Document dated, 2025, that included the following Exhibits: |
|---|---|
| A. | FINANCIAL STATEMENTS DEALER FRANCHISE AGREEMENT |
| B-1. | ADDENDUM TO DEALER FRANCHISE AGREEMENT (SECOND FRANCHISE, IF APPLICABLE) |
| B-2. | FRANCHISE DEVELOPER DEALER FRANCHISE AGREEMENT (IF APPLICABLE) |
| B-3. | SPECIAL REPRESENTATIVE DEALER FRANCHISE AGREEMENT (IF APPLICABLE) |
| C. | DEALER PURCHASE ORDER, NOTE AND SECURITY AGREEMENT |
| C-1. |
Source: Item 22 — CONTRACTS (FDD pages 100–101)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, Exhibit C includes the Dealer Purchase Order, Note, and Security Agreement. There are also versions of this agreement that apply to specific circumstances.
The standard Dealer Purchase Order, Note, and Security Agreement outlines the terms for purchasing inventory and other property from Cornwell Quality Tools. This agreement becomes binding once Cornwell Quality Tools accepts it in writing in Ohio.
There are also versions of Exhibit C that apply to the Veterans Incentive Program, Franchise Developers, and Special Representatives, indicating that Cornwell Quality Tools tailors its purchase and security agreements to different franchisee categories. These agreements likely contain specific terms and conditions relevant to each program or representative type. A prospective franchisee should carefully review the specific version of Exhibit C that applies to their situation to understand their obligations and rights fully.