factual

Does the Extreme Art Studio Franchise Agreement include contracts for use with the Extreme Art Studio franchise as an exhibit?

Extreme_Art_Studio Franchise · 2024 FDD

Answer from 2024 FDD Document

[Item 22: CONTRACTS]

EXHIBIT H

CONTRACTS FOR USE WITH THE EXTREME ART FRANCHISE

The following contracts contained in Exhibit H are contracts that Franchisee is required to utilize or execute after signing the Franchise Agreement in the operation of an Extreme Art Studio Business. The following are the forms of contracts that Extreme Art Studio Franchising, LLC uses as of the Issuance Date of this Franchise Disclosure Document. If they are marked "Sample," they are subject to change at any time.

EXHIBIT H-1

EXTREME ART FRANCHISE

SAMPLE GENERAL RELEASE AGREEMENT

WAIVER AND RELEASE OF CLAIMS


[Item 22: CONTRACTS]

EXHIBIT H-2

EXTREME ART FRANCHISE

SAMPLE SYSTEM PROTECTION AGREEMENT

This System Protection Agreement ("Agreement") is entered into by the undersigned ("you" or "your") in favor of Extreme Art Studio Franchising, LLC, a Minnesota limited liability company, and its successors and assigns ("us", "we" or "our"), upon the terms and conditions set forth in this Agreement.

1. Definitions. For purposes of this Agreement, the following terms have the meanings given to them below:

"Competitive Business" means any business that: (i) any program, facility, or enterprise (whether for profit or otherwise) providing art studios (excluding any Extreme Art Studio Businesses operated under a franchise agreement with us); or (ii) any business granting franchises or licenses to others to operate the type of business specified in part (i).

"Copyrights" means all works and materials for which we or our affiliate have secured common law or registered copyright protection and that we allow franchisees to use, sell, or display in connection with the marketing and/or operation of an Extreme Art Studio Business or the solicitation or offer of an Extreme Art franchise, whether now in existence or created in the future.

[Item 22: CONTRACTS]

EXHIBIT H-3

EXTREME ART FRANCHISE

SAMPLE CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement ("Agreement") is entered into by the undersigned ("you") in favor of Extreme Art Studio Franchising, LLC, a Minnesota limited liability company, and its successors and assigns ("us"), upon the terms and conditions set forth in this Agreement.

1. Definitions.For purposes of this Agreement, the following terms have the meanings given to them below:

"Copyrights" means all works and materials for which we or our affiliate(s) have secured common law or registered copyright protection and that we allow Extreme Art franchisees to use, sell, or display in connection with the marketing and/or operation of an Extreme Art Business, whether now in existence or created in the future.

"Franchisee" means the Extreme Art franchisee for which you are an employee, independent contractor, agent, representative, or supplier.

"Intellectual Property" means, collectively or individually, our Marks, Copyrights, Know-how, Manual, and System.

Source: Item 22 — CONTRACTS (FDD page 49)

What This Means (2024 FDD)

Yes, according to the 2024 Extreme Art Studio Franchise Disclosure Document, Exhibit H includes contracts for use with the Extreme Art Studio franchise. These contracts are ones that a franchisee is required to use or execute after signing the Franchise Agreement in the operation of their Extreme Art Studio Business. Extreme Art Studio Franchising, LLC uses these contract forms as of the FDD's issuance date. The FDD specifies that if any of the contracts are marked as "Sample," they are subject to change at any time.

Specifically, the exhibits include a Sample General Release Agreement (Exhibit H-1), a Sample System Protection Agreement (Exhibit H-2), and a Sample Confidentiality Agreement (Exhibit H-3). The System Protection Agreement defines terms such as "Competitive Business," which excludes Extreme Art Studio Businesses operated under a franchise agreement, and "Copyrights," which are materials the franchisor allows franchisees to use. The Confidentiality Agreement defines terms such as "Copyrights," "Franchisee," and "Intellectual Property" to ensure franchisees understand their obligations regarding proprietary information.

These contracts are essential for protecting Extreme Art Studio's interests and ensuring that franchisees operate within the established guidelines. Franchisees must adhere to these contracts to maintain the integrity of the Extreme Art Studio brand and system. The inclusion of sample agreements allows prospective franchisees to review and understand the legal obligations and protections associated with the franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.