Where is the Approved Location for any additional Extreme Art Studio Businesses specified?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
The Approved Location for your initial Extreme Art Studio Business will be designated in Attachment B, and the Approved Location for any additional Extreme Art Studio Businesses will be specified in the Extreme Art Rider applicable thereto.
If the Approved Location for your initial Extreme Art Studio Business has not been selected and approved at the time this Franchise Agreement is signed, or the Approved Location for any of your subsequent Extreme Art Studio Businesses have not been selected and approved at the time the Extreme Art Rider applicable thereto is signed, Attachment B (with respect to the initial Extreme Art Studio Business) or the applicable Extreme Art Rider (with respect to any subsequent Extreme Art Studio Business) will describe the Approved Location in general terms.
When we subsequently approve a location for your Extreme Art Studio Business, we will complete Attachment B-1 or our then-current form of Attachment E-1, as applicable, to specify the address of that location, and such location will automatically become the Approved Location for the applicable Extreme Art Studio Business as if originally set forth in Attachment B or the Extreme Art Rider.
Although we may assist you, you are solely responsible for selecting each Approved Location and negotiating the lease or purchase terms for each of your Extreme Art Studio Businesses.
You agree that you are not guaranteed any specific Approved Location for any of your Extreme Art Studio Businesses, and you may not be able to obtain your top choice for any of your Extreme Art Studio Businesses.
You and we must reach agreement on an Approved Location for your Studio within four months after you sign this Franchise Agreement, or we have the option to terminate this Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the approved location for the initial Extreme Art Studio business is designated in Attachment B of the franchise agreement. For any additional Extreme Art Studio businesses, the approved location will be specified in the Extreme Art Rider applicable to that specific business.
If the approved location for either the initial or any subsequent Extreme Art Studio businesses has not been finalized when the Franchise Agreement or the Extreme Art Rider is signed, Attachment B or the relevant Extreme Art Rider will describe the location in general terms. Once Extreme Art Studio approves a specific location, they will complete Attachment B-1 or Attachment E-1 to specify the address, which then automatically becomes the Approved Location.
While Extreme Art Studio may offer assistance, the franchisee is ultimately responsible for selecting and negotiating the lease or purchase terms for each Approved Location. The FDD emphasizes that there is no guarantee of securing any specific location, and a franchisee might not obtain their preferred choice. Furthermore, the franchisee and Extreme Art Studio must agree on a location within four months of signing the Franchise Agreement, or Extreme Art Studio has the option to terminate the agreement.