Can Extreme Art Studio change the suppliers or vendors of technology services?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
be responsible for any increase in fees that result from any upgrades, modifications or additional systems or software and for any increases in fees from thirdparty vendors. We reserve the right to: (i) change or add approved suppliers or vendors of these services at any time, in our sole discretion; (ii) enter into a master license agreement with any software or technology supplier and sublicense the software or technology to you, in which case we may charge you for all amounts that we must pay to the licensor based on your use of the software or technology; (iii) create proprietary software or technology that must be used by Extreme Art Studio franchisees, in which case we may require that you enter into a license agreement with us and pay us reasonable initial and ongoing licensing, support and maintenance fees; and (iv) increase or decrease the technology fee and other technology and licensing and expenses that you are required to pay under this Franchise Agreement at any time, upon 30 days' written notice to you.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, Extreme Art Studio retains the right to modify the approved technology service suppliers and vendors. This gives Extreme Art Studio the flexibility to adapt to changing market conditions or technological advancements.
Extreme Art Studio can enter into master license agreements with software or technology suppliers and sublicense the software or technology to the franchisee. In this case, Extreme Art Studio may charge the franchisee for all amounts that Extreme Art Studio must pay to the licensor based on the franchisee's use of the software or technology. Extreme Art Studio can also create proprietary software or technology that franchisees must use, and require franchisees to enter into a license agreement and pay initial and ongoing licensing, support, and maintenance fees.
Extreme Art Studio can also increase or decrease the technology fee and other technology and licensing and expenses that the franchisee is required to pay under the Franchise Agreement at any time, upon 30 days' written notice. This means that franchisees need to be prepared for potential changes in technology costs and should factor this into their financial planning. Franchisees are responsible for any increase in fees that result from any upgrades, modifications or additional systems or software and for any increases in fees from third-party vendors.