What is the 'Franchise Agreement' referring to in the Creative World School lease agreement?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
RIDER TO CREATIVE WORLD SCHOOLS FRANCHISING COMPANY, INC. FRANCHISE AGREEMENT FOR USE IN NEW YORK
CREATIVE WORLD SCHOOLS FRANCHISING COMPANY, INC., a Florida corporation ("we," "us," , a "our" or "Franchisor"), with its principal business address at 25110 Bernwood Drive, Suite #104, Bonita Springs, Florida 34135, and whose principal business address is "Franchisee") and amends the Franchise Agreement between the parties dated as of the Effective (referred to in this Rider as "you," "your" or Date, (the "Agreement"). 1. into, the Agreement. Nevertheless, this Rider supersedes any inconsistent or conflicting provisions of the Agreement. Agreement. Precedence and Defined Terms. This Rider is an integral part of, and is incorporated Terms not otherwise defined in this Rider have the meanings as defined in the 2. Questionnaires and Acknowledgements. No statement, questionnaire or acknowledgement signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of: (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on behalf of the Franchisor. This provision supersedes any other term of any document executed in connection with the franchise. the Agreement Date, regardless of the actual date of signature. Intending to be bound, you and we sign and deliver this Rider in 2 counterparts effective on CREATIVE WORLD SCHOOLS YOU FRANCHISING COMPANY, INC.
ADDENDUM TO FRANCHISE DISCLOSURE DOCUMENT FOR CREATIVE WORLD SCHOOLS FRANCHISING COMPANY, INC. COMMONWEALTH OF VIRGINIA
No statement, questionnaire, or acknowledgement signed or agreed to by you in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including fraud in the inducement, or (ii) disclaiming reliance on any statement made by us, any franchise seller, or any other person acting on our behalf. This provision supersedes any other term of any document executed in connection with the franchise.
SPECIAL RISK FACTOR:
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, the 'Franchise Agreement' referenced in the context of the lease agreement refers to the agreement between Creative World Schools Franchising Company, Inc. and the franchisee. This agreement outlines the terms and conditions under which the franchisee operates a Creative World School. Several addenda and riders to the Franchise Agreement are included in the FDD, which may amend or supersede specific provisions of the original agreement, especially concerning state-specific regulations.
The riders included in the FDD, such as those for New York, Illinois, Virginia, and Maryland, modify the original Franchise Agreement to comply with state laws. These riders address issues such as waivers of claims, termination conditions, and liabilities under state franchise laws. For instance, the Maryland rider clarifies that general releases required for renewal or transfer do not apply to liabilities under Maryland franchise law and sets a three-year limitation for claims arising under that law.
Furthermore, the FDD emphasizes the importance of the Franchise Agreement by stating that the franchisor's proprietary knowledge, systems, and materials are authorized under the agreement. The agreement also covers aspects like computer software and hardware designated by Creative World School. The document also highlights that any amendments or addenda to the Franchise Agreement do not alter the original agreement's full force and effect unless explicitly stated.
Prospective franchisees should carefully review the Franchise Agreement and all associated riders and addenda to understand their rights and obligations. Understanding the interplay between the main agreement and these modifications is crucial for compliance and risk management. Franchisees should also consult with legal counsel to ensure they fully understand the implications of the Franchise Agreement within their specific state.