In the Creative World School FDD, what does 'Yes' signify regarding the provision of receipts?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| 13. | Has any employee or other person speaking on our behalf made any statement or promise concerning the likelihood of success that you should or might expect to achieve from operating a CREATIVE WORLD SCHOOL® franchise that is not contained in the FDD or that is contrary to, or different from, the information contained in the FDD? |
|---|---|
| Yes | |
| No | |
| 14. | Has any employee or other person speaking on our behalf made any statement, promise |
| or agreement concerning the advertising, marketing, training, support service or | |
| assistance that we will furnish to you that is contrary to, or different from, the information | |
| contained in the FDD? | |
| Yes | |
| No | |
| 15. | If you have answered "Yes" to any one of questions 11-14, please provide a full |
| explanation of each "Yes" answer in the following blank lines. (Attach additional pages, if | |
| necessary, and refer to them below.) | |
| 16. | Do you understand that the Franchise Agreement, Addendum (if any) and related |
| agreements contain the entire agreement between you and us concerning the CREATIVE | |
| WORLD SCHOOL® franchise, meaning that any prior oral or written statements not set | |
| out in the Franchise Agreement, Addendum (if any) or related agreements will not be | |
| binding?* | |
| Yes | |
| No | |
| * | |
| Nothing in this document or any related agreement is intended to disclaim the | |
| representations we made in the FDD that we furnished to you. | |
| 17. | Do you understand that, except as provided in the FDD, nothing stated or promised by us |
| that is not specifically set forth in the Franchise Agreement, Addendum (if any) and related | |
| agreements can be relied upon? | |
| Yes | |
| No |
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
Based on the 2025 Creative World School Franchise Disclosure Document, a 'Yes' answer in the context of Item 23 (Receipts) signifies that an employee or someone acting on behalf of Creative World School has made statements or promises about the potential success of operating a Creative World School franchise that are not included in the FDD or contradict the information within it. It also indicates that statements or promises have been made regarding advertising, marketing, training, support services, or assistance that differ from what is outlined in the FDD.
This means that prospective franchisees should be cautious about any verbal or written claims made by Creative World School representatives that are not explicitly detailed in the FDD. Franchisees are encouraged to seek clarification and written confirmation of any such claims to ensure they are legally binding. The FDD emphasizes that the Franchise Agreement and related documents constitute the entire agreement between the franchisee and Creative World School, superseding any prior statements not included in those documents.
It is important for potential franchisees to understand that they cannot rely on any promises or statements made by Creative World School that are not specifically outlined in the Franchise Agreement, unless otherwise provided in the FDD. This underscores the importance of carefully reviewing the FDD and related agreements and seeking legal counsel to fully understand the terms and conditions of the franchise agreement. Franchisees should document and clarify any discrepancies or additional promises to protect their investment and ensure a clear understanding of their rights and obligations.
In summary, a 'Yes' answer serves as a red flag, prompting further investigation and documentation of any claims or promises made outside the official Franchise Disclosure Document. This helps protect the franchisee's interests and ensures transparency in the franchise relationship with Creative World School.