How might the Brand Fund's assets be used in relation to the Extreme Art Studio System Website?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
- 9.5.2 We will maintain the System Website, and may use the Brand Fund's assets to develop, maintain and update the System Website. We periodically may update and modify the System Website (including your webpage). You must promptly notify us whenever any
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the Brand Fund's assets may be used to develop, maintain, and update the System Website. The System Website is designed to advertise, market, and promote Extreme Art Studio Businesses, including the art activities, camps, parties, events, products, and services they offer, as well as franchise opportunities.
The Brand Fund can finance the development, implementation, and maintenance of the System Website or related websites that promote Extreme Art Studio Businesses and related strategies. This includes creating video, audio, written materials, and electronic media. The franchisor maintains the System Website and may periodically update and modify it, including any franchisee's webpage.
Extreme Art Studio retains ownership of all intellectual property and other rights related to the System Website, including franchisee webpages and all information contained within them. Franchisees must promptly notify Extreme Art Studio of any changes or inaccuracies in their listing information, and Extreme Art Studio has final approval rights over all content on the System Website. The franchisor may implement and modify System Standards related to the System Website.