Is the Creative World School promissory note executed by the Franchisee?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
The individuals signing below for the "Franchisee Applicant" constitute all of the executive officers, partners, shareholders, investors and/or principals of the Franchisee Applicant, or constitute the duly authorized representatives or agents of the foregoing.
FRANCHISEE APPLICANT: Signature Printed Name , 20___ Date Signature Printed Name , 20___ Date Signature Printed Name , 20___ Date Signature Printed Name , 20___ Date
[Signature Page to CREATIVE WORLD SCHOOL® Franchise Compliance Certification]
Date
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
Based on the 2025 Creative World School Franchise Disclosure Document, it is not explicitly stated whether a promissory note is executed by the franchisee. However, the document includes a signature page for the Franchisee Applicant, indicating that certain documents require the franchisee's signature. This signature page is part of the Franchise Compliance Certification, where the franchisee applicant acknowledges the importance of their responses and confirms their truthfulness.
Additionally, several addenda and riders to the franchise agreement require signatures from both Creative World Schools Franchising Company, Inc. and the franchisee. These riders address specific legal and operational aspects of the franchise, such as compliance with state laws and amendments to the franchise agreement. The presence of these signature requirements suggests that franchisees are expected to execute various documents as part of the franchising process.
To fully understand whether a promissory note is among the documents that a Creative World School franchisee must sign, it is recommended that prospective franchisees directly inquire with the franchisor about all required agreements and financial obligations. This will ensure clarity on the franchisee's commitments and responsibilities before entering into the franchise agreement.