How is the effective date determined for the Extreme Art Rider for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS EXTREME ART RIDER ("Extreme Art Rider") is entered into and made effective as of |
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| the date set forth on the signature page hereof ("Rider Effective Date"), by and between EXTREME AR STUDIO FRANCHISING, LLC ("we", "us" or "our") and the franchisee named on the signature page |
| of this Extreme Art Rider (" Franchisee ", "you" or "your"). This Extreme Art Rider relates to that certain |
| Extreme Art Studio Business Franchise Agreement dated |
| ("Franchise Agreement"), and supplements the terms of the Franchise Agreement in relation to the |
| Extreme Art Studio Business addressed herein. To the extent this Extreme Art Rider conflicts with the |
| terms of the Franchise Agreement, the terms of this Extreme Art Rider shall control. |
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the Extreme Art Rider becomes effective on the date specified on the signature page. This date is referred to as the "Rider Effective Date." The Extreme Art Rider is an addendum to the existing Extreme Art Studio Business Franchise Agreement and serves to supplement its terms specifically for the Extreme Art Studio Business.
This means that the franchisee and Extreme Art Studio Franchising, LLC must both sign and date the Extreme Art Rider for it to become active. The date entered on the signature page is the official start date of the rider's terms. It is important to note that the Extreme Art Rider modifies the original Franchise Agreement.
Prospective franchisees should carefully review both the Franchise Agreement and the Extreme Art Rider to understand their obligations and rights. Franchisees should pay close attention to the signature page of the Extreme Art Rider to confirm the effective date and ensure it aligns with their understanding of when the new or modified terms take effect. If there are discrepancies, it is crucial to address them with Extreme Art Studio before signing.