Which exhibit contains the standard Franchise Agreement for a Creative World School franchise?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We grant to persons who meet our qualifications and who are willing to undertake the investment and effort the right to operate a School at a single location in accordance with our Franchise Agreement. A copy of the Franchise Agreement is attached to this disclosure document as Exhibit "C-1."
Source: Item 22 — CONTRACTS (FDD page 80)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, the standard Franchise Agreement is included as Exhibit "C-1". This exhibit is a crucial document for prospective franchisees as it outlines the contractual obligations, rights, and responsibilities of both the franchisee and Creative World School. Understanding the terms and conditions within this agreement is essential before making any financial commitment or signing any binding documents.
Prospective franchisees should carefully review Exhibit C-1 with legal counsel to fully grasp the implications of each clause. This includes understanding the term of the agreement, renewal options, termination conditions, and any restrictions on the operation of the Creative World School franchise. Paying close attention to these details can help franchisees avoid potential disputes or misunderstandings with the franchisor in the future.
In addition to the standard agreement, franchisees should also be aware of any state-specific riders or addenda that may amend the terms of the Franchise Agreement. For example, the FDD includes riders for Virginia and New York, indicating that franchise laws in those states require specific modifications to the standard agreement. These riders, along with Exhibit C-1, collectively form the complete contractual basis for the Creative World School franchise.