What is Exhibit G of the Devon Creek Franchise Disclosure Document?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: April 10, 2024
I received a Disclosure Document April 10, 2024, that included the following Exhibits:
EXHIBIT A: List of State Franchise Administrators and Agents for Service of Process
EXHIBIT B: Franchise Agreement EXHIBIT C: Financial Statements
EXHIBIT D: Operations Manual Table of Contents
EXHIBIT E: Franchised Outlets
EXHIBIT F: Acknowledgement Statement
EXHIBIT G: State Addenda EXHIBIT H: Receipts
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, Exhibit G consists of State Addenda. These addenda likely contain state-specific legal disclosures or modifications to the standard franchise agreement that are required by the laws of certain states.
For a prospective Devon Creek franchisee, this means that the terms of their franchise agreement may vary depending on the state in which they operate. It is important to carefully review Exhibit G to understand any state-specific requirements or modifications that apply to their franchise. For example, the excerpt includes a disclosure required by North Carolina law, stating that the state has not reviewed or approved the business opportunity and advising potential franchisees to seek legal counsel before signing any agreements.
These addenda are crucial for ensuring compliance with local regulations and understanding the full scope of the franchise agreement. Franchisees should pay close attention to the addenda for their specific state to avoid any legal issues or misunderstandings.