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What is the connection between the Exit franchisor's pre-opening obligations (Item 11) and the franchisee's pre-opening purchases (Item 9)?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

igations in these agreements and in other items of this Disclosure Document.**

Obligation Section in Franchise Agreement ITEM in Disclosure Document
a. Site Selection and Lease 3 11
b. Pre-opening Purchases/Leases 3 5, 6, 7
c. Site Development and other Pre-opening Requirements 3 5, 6, 7
d. Initial and Ongoing Training 9 11
e. Opening 4 11
f. Fees 5, 6, 7 5, 6, 7
g. Compliance with Standards and Policies/Operating Manual 10 11
h. Trademark and Proprietary Information 8 13, 14
i. Restrictions on Products/Services Offered 9 16
j. Warranty and Customer Service Requirements 9.2 11
k. Territorial Development and Sales Quotas 9 12
l. Ongoing Product/Service Purchases 9.10 8
m. Maintenance, Appearance and Remodeling Requirements 3 7
n. Insurance 9 7
o. Advertising 7, 9 6, 11
p. Indemnification 31 Not Applicable
q. Owner’s Participation/Management/Staffing 9 15
r. Records/Reports 9,11 11
s. Inspections/Audits 9,11 6,11
t. Transfer 18 6, 17
u. Renewal 5 17
v. Post-termination Obligations 17 17
w. Noncompetition Covenants 21 17
x.

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, referencing various sections of the Franchise Agreement and other Items within the Disclosure Document. Specifically, it connects the franchisee's pre-opening purchases/leases (obligation b) to Item 5, 6, and 7 of the FDD, and the franchisee's site selection and lease (obligation a) to Item 11 of the FDD. This table provides a structured overview of the franchisee's responsibilities and where to find more details about each one.

Item 11 details the franchisor's assistance, advertising support, computer systems, and training programs. Regarding pre-opening obligations, Exit Realty Upper Midwest and Exit will provide franchisees with a copy of prototypical office plans, access to Exit's computer software, and one copy of the Training Manual Vol. 1 Franchise Onboarding Manual. The franchisor also requires the franchisee to attend the next scheduled training program if it is offered before the office opens.

In essence, Item 9 serves as a roadmap for the franchisee, pointing them to the specific sections in the FDD (like Items 5, 6, 7, and 11) that elaborate on their obligations, including pre-opening purchases and site selection. Item 11 then details the franchisor's corresponding responsibilities in assisting the franchisee before they open their Exit franchise. This cross-referencing helps ensure that franchisees understand both their own duties and the support they can expect from the franchisor during the initial setup phase.

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.