Does the Creative World School Security Agreement cover modifications to the Franchise 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)
Based on the 2025 Creative World School Franchise Disclosure Document, several addenda and riders modify the standard Franchise Agreement for use in specific states like New York, Illinois, Maryland, and Virginia. These modifications are formalized through signed riders and addenda, which are considered integral parts of the agreement. These riders often address specific state laws, waivers, and acknowledgements, and they supersede any conflicting provisions in the original agreement. For example, the Illinois Rider amends sections related to governing law, jurisdiction, and site selection, while the Maryland Rider addresses general releases and limitations of claims.
These riders and addenda indicate that the Creative World School Franchise Agreement can be modified. The documents explicitly state that the riders are incorporated into the agreement and supersede any conflicting terms. This ensures that franchisees in different states receive modifications tailored to comply with local regulations and protect their rights under state franchise laws. The presence of these state-specific modifications suggests that the Franchise Agreement is not static and can be adapted through formal, written amendments.
However, the excerpts do not specifically mention a "Security Agreement" or detail whether such an agreement exists and how it interacts with these modifications. The documents focus on amendments to the Franchise Agreement itself through riders and addenda, particularly concerning state-specific legal requirements and franchisee protections. Therefore, it is unclear whether a separate Security Agreement exists and how it might be modified or affected by these riders and addenda.
To fully understand whether a Security Agreement exists and how it can be modified, a prospective Creative World School franchisee should ask the franchisor directly about the existence of a Security Agreement, its purpose, and whether the state-specific riders and addenda also apply to the Security Agreement or if it requires separate modifications.