Are copies of all franchise-related contracts and agreements for Dryer Vent Squad attached to the Disclosure Document or its Exhibits?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 22: CONTRACTS]
ITEM 22 CONTRACTS
Attached to this Disclosure Document or to the Exhibits attached to and comprising the Franchise Agreement attached to this Disclosure Document are copies of the following franchise and other contracts and agreements in use or proposed for use:
Exhibits to this Disclosure Document
Exhibit E Franchise Agreement Exhibit H State Specific Addenda
Schedules and Exhibits to the Franchise Agreement
Schedule 2 Franchise Fee Acknowledgment Exhibit 2 Franchisee Disclosure Questionnaire Schedule 3 Statement of Franchisee's Owners Exhibit 3 Confidentiality Agreement
Schedule 1 Operating Territory Acknowledgment Exhibit 1 Owner Agreement and Individual Guaranty
Exhibit 4 Assignment of Telephone Numbers and
Digital Media Accounts
Exhibit 5 ACH Authorization Form
Exhibit 6 General Release Exhibit 7 Promissory Note
Individual state law may supersede the provisions contained in your Franchise Agreement respecting the requirement that you execute a general release as a condition to assignment, sale or transfer. See, the state specific addendums contained in Exhibit H of this Disclosure Document and the state specific addendums attached to the Franchise Agreement and forming a part of Exhibit E.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, copies of franchise-related contracts and agreements are attached to the Disclosure Document or its exhibits. Specifically, Exhibit E contains the Franchise Agreement, and Exhibit H includes State Specific Addenda.
Several schedules and exhibits are attached to the Franchise Agreement itself. These include Schedule 2, the Franchise Fee Acknowledgment; Exhibit 2, the Franchisee Disclosure Questionnaire; Schedule 3, the Statement of Franchisee's Owners; Exhibit 3, the Confidentiality Agreement; Schedule 1, the Operating Territory Acknowledgment; Exhibit 1, the Owner Agreement and Individual Guaranty; Exhibit 4, the Assignment of Telephone Numbers and Digital Media Accounts; Exhibit 5, the ACH Authorization Form; Exhibit 6, the General Release; and Exhibit 7, the Promissory Note.
Prospective franchisees should carefully review all these documents and attachments, as they contain important legal and financial obligations. Franchisees should also note that individual state laws may supersede provisions in the Franchise Agreement, particularly regarding the requirement to execute a general release as a condition of assignment, sale, or transfer. It is important to consult the state-specific addenda in Exhibit H and those attached to the Franchise Agreement in Exhibit E for any such variations.