factual

Can Creative World School change the approval or review periods for new suppliers?

Creative_World_School Franchise · 2025 FDD

Answer from 2025 FDD Document

If you want to propose a new supplier of Operating Assets (other than us or our affiliates), you agree to submit to us sufficient written information about the proposed new supplier to enable us to approve or reject either the supplier or the particular items.

We will have at least 90 days from receipt of the information to approve or reject the proposed new supplier or items.

We may change, alter or amend such approval or review periods from time to time.

Source: Item 23 — RECEIPTS (FDD pages 80–247)

What This Means (2025 FDD)

According to Creative World School's 2025 Franchise Disclosure Document, Creative World School has the ability to modify the approval or review periods for new suppliers. Specifically, if a franchisee proposes a new supplier of operating assets, other than Creative World School or its affiliates, the franchisee must submit sufficient written information for Creative World School to approve or reject the supplier or the particular items. Creative World School initially has at least 90 days from receiving the information to make a decision.

This clause provides Creative World School with the flexibility to adjust the time it takes to review and approve new suppliers or items. This could mean potentially faster approvals if Creative World School streamlines its processes, or longer review periods if more scrutiny is required.

For a prospective franchisee, this means that the time it takes to get a new supplier approved can vary. While the initial review period is set at 90 days, Creative World School can change this period, which could impact the franchisee's ability to quickly source new products or services. It is important for franchisees to stay informed of any changes to these review periods and to factor in potential delays when planning their procurement activities. Franchisees should inquire about the typical approval times and the factors that could influence these periods during their due diligence.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.