Is the Franchise Agreement included as Exhibit A-2 in the Exit FDD?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchise described in this Disclosure Document is a license, as a "Franchisee" pursuant to a Franchise Agreement, to a specific geographic territory for the purpose of owning and operating a real estate office using the EXIT System (as defined below) for a specific time period pursuant to the terms of a Franchise Agreement in the form of Exhibit A-2 attached to this Disclosure Document.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Franchise Agreement is included as Exhibit A-2. The FDD states that the franchise is a license granted to the franchisee to operate a real estate office using the Exit system within a specific geographic territory for a defined period, all under the terms of the Franchise Agreement. This agreement is presented in the form of Exhibit A-2, which is attached to the FDD.
This means that prospective Exit franchisees can review the complete Franchise Agreement, including all terms and conditions, before making a final decision. The Franchise Agreement outlines the obligations of both the franchisee and Exit Realty Upper Midwest, the subfranchisor.
Careful review of Exhibit A-2 is crucial for understanding the contractual obligations, rights, and responsibilities of both parties involved in the franchise relationship. Franchisees should pay close attention to details such as fees, termination conditions, territory rights, and renewal options outlined in the agreement.