Where can I find the form of the Multi-Franchise Addendum for an Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
If we grant you a Standard Franchise, you must sign our Multi-Franchise Addendum the form of which is attached to the Franchise Disclosure Document in Exhibit H.
Prior to opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, you and we will execute the then-current form of Extreme Art Rider ("Extreme Art Rider"), the current form of which is attached to this Franchise Agreement in Attachment E but which may vary materially and substantially from the form attached to this Franchise Agreement.
If you operate multiple Extreme Art Studio Businesses, each reference to the "Franchised Business" herein shall refer to each individual Extreme Art Studio Business that you operate under this Franchise Agreement, unless otherwise specified.
All obligations under this Franchise Agreement shall apply individually to each Extreme Art Studio Business you operate.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the Multi-Franchise Addendum form is included as Exhibit H to the Franchise Disclosure Document. This addendum is relevant if Extreme Art Studio grants you a Standard Franchise, which allows you to operate up to two ("Multi-2") or three ("Multi-3") Extreme Art Studio Businesses.
If you are granted a Standard Franchise, you are required to sign the Multi-Franchise Addendum. Furthermore, before opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, you and Extreme Art Studio will need to execute the then-current form of Extreme Art Rider. The current form of the Extreme Art Rider is attached as Attachment E to the Franchise Agreement, but the FDD notes that this form may significantly differ from the one attached to the Franchise Agreement.
It is important to note that if you operate multiple Extreme Art Studio Businesses, each reference to the "Franchised Business" in the agreement will refer to each individual Extreme Art Studio Business that you operate, unless otherwise specified. Additionally, all obligations under the Franchise Agreement apply individually to each Extreme Art Studio Business you operate.