factual

What is the significance of Exhibit 'A' in relation to the Agreement to Lease for Creative World School?

Creative_World_School Franchise · 2025 FDD

Answer from 2025 FDD Document

EXHIBIT A TO AGREEMENT TO LEASE

FORM OF LEASE

Source: Item 23 — RECEIPTS (FDD pages 80–247)

What This Means (2025 FDD)

According to the 2025 Creative World School Franchise Disclosure Document, Exhibit A to the Agreement to Lease contains the form of lease. This is referenced within the section that discusses Creative World School's option to purchase the school from the franchisee under certain termination conditions.

Specifically, if Creative World School terminates the Franchise Agreement according to section 16.02, or if the franchisee terminates the agreement without cause, Creative World School has the option to purchase the school, including the leasehold rights to the site. This option is exercisable within 60 days of termination by providing written notice.

As part of this purchase option, the franchisee agrees, at Creative World School's election, to either assign the leasehold interest to Creative World School, enter into a sublease with them, or, if the franchisee owns the site, to lease the site to Creative World School at fair market rental value. The lease agreement used in this situation will be consistent with the terms of Creative World School's standard Agreement to Lease and related Lease Agreement, which are attached as exhibits to the Franchise Disclosure Document, with Exhibit A containing the form of lease.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.