What documents does the State Specific Addendum for Extreme Art Studio modify?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Certain states have laws governing the franchise relationship and franchise documents. Certain states require modifications to the FDD, Franchise Agreement and other documents related to the sale of a franchise. This State Specific Addendum ("State Addendum") will modify these agreements to comply with the state's laws. The terms of this State Addendum will only apply if you meet the requirements of the applicable state independently of your signing of this State Addendum. The terms of this State Addendum will override any inconsistent provision of the FDD, Franchise Agreement or any Supplemental Documents. This State Addendum only applies to the following states: California, Hawaii, Illinois, Iowa, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
If your state requires these modifications, you will sign this State Addendum along with the Franchise Agreement and any Supplemental Agreements.
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the State Specific Addendum modifies the Franchise Disclosure Document (FDD), the Franchise Agreement, and other documents related to the sale of a franchise. This addendum is designed to ensure compliance with specific state laws governing franchises.
The State Addendum's terms are applicable only if the franchisee meets the requirements of the relevant state, irrespective of signing the addendum. The terms outlined in the State Addendum take precedence over any conflicting provisions found in the FDD, the Franchise Agreement, or any Supplemental Documents.
This State Addendum is specifically applicable to franchisees in California, Hawaii, Illinois, Iowa, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If a franchisee is in one of these states, they will be required to sign the State Addendum along with the Franchise Agreement and any Supplemental Agreements.