What agreements does the Extreme Art Rider relate to for the Extreme Art Studio franchise?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Once you have received approval of the site location for the initial Extreme Art Studio Business that satisfies the demographics and location requirements minimally necessary for an Extreme Art Studio Business and that meets our minimum current standards and specifications for the build out, interior design, layout, floor plan, signs, designs, color and décor, we will complete Attachment E-1 attached hereto, to specify the Approved Location for your initial Extreme Art Studio Business as provided in Section 1.4 of the Agreement.
- 6. Territory. Once you and we have mutually agreed upon a Territory in conformance with the territory guidelines stated in Item 12 of the Franchise Disclosure Document, we will complete Attachment E-1 to specify the Territory.
- 7. Services Provided by Extreme Art Franchising for the Extreme Art Studio Business. Except as otherwise provided in the Franchise Agreement, we or our designees shall provide the pre-opening and ongoing services set forth in Section 4 of the Franchise Agreement to Franchisee related to its Rider Business.
- 8. Termination, Expiration and Renewal.This Extreme Art Rider and Franchisee's right to operate the Rider Business hereunder shall terminate as of the date of termination or expiration of the Franchise Agreement, or upon a transfer of the Rider Business in compliance with the provisions of the Franchise Agreement, regardless of when this Extreme Art Rider is executed, and shall be subject to the renewal provisions of Section 13 of the Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the Extreme Art Rider is used to specify the approved location for additional Extreme Art Studio businesses beyond the initial franchise. Attachment B designates the initial location, while the Extreme Art Rider is used for subsequent locations. The rider is completed after Extreme Art Studio approves a site that meets demographic and location requirements, as well as standards for build-out, interior design, and signage. Attachment E-1 is used to specify the address of the approved location, which then automatically becomes the official Approved Location.
Additionally, the Extreme Art Rider is used to define the territory granted to the franchisee, in accordance with the guidelines outlined in Item 12 of the Franchise Disclosure Document. Once the franchisee and Extreme Art Studio mutually agree on a territory, Attachment E-1 is completed to specify the territory. The Extreme Art Rider also outlines the pre-opening and ongoing services that Extreme Art Studio provides to the franchisee related to the Rider Business, as detailed in Section 4 of the Franchise Agreement.
The Extreme Art Rider's term is linked to the Franchise Agreement, terminating upon the termination or expiration of the Franchise Agreement or the transfer of the Rider Business, regardless of when the Rider is executed. The rider is also subject to the renewal provisions outlined in Section 13 of the Franchise Agreement. The Extreme Art Rider ensures that each additional franchise operates under the same terms and conditions as the initial franchise, with specific attention to location, territory, and the services provided by Extreme Art Studio.