What is the effective date of the Agreement to Lease for Creative World School franchises in Michigan?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement, or payment of any consideration, whichever occurs first.
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
The 2025 Creative World School Franchise Disclosure Document does not explicitly state the effective date of the Agreement to Lease for franchises in Michigan. However, it does state that Michigan requires Creative World School to provide the FDD at least 10 business days before the execution of any binding franchise or other agreement, or payment of any consideration, whichever occurs first. This suggests that the Agreement to Lease would be subject to this 10-day review period.
Without specific details in the FDD, prospective franchisees should directly ask Creative World School about the Agreement to Lease's effective date in Michigan. Understanding this date is crucial, as it marks the commencement of legal obligations related to the property.
It would also be prudent to seek legal counsel to review all franchise-related documents, including the Agreement to Lease, to ensure full comprehension of the terms and conditions, and to assess any potential risks or liabilities associated with leasing a site for a Creative World School franchise in Michigan.