Does the Extreme Art Studio Franchise Agreement include a section on 'ACKNOWLEDGEMENTS'?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 22: CONTRACTS]
1. PREAMBLES, ACKNOWLEDGMENTS, AND GRANT OF FRANCHISE.
1.1 PREAMBLES.
- 1.1.1 We and our affiliates have, with considerable effort, developed (and continue to develop and modify) a system and franchise opportunity for the establishment, operation and promotion of a business that offers painting and immersive art related activities focusing on fun for people aged 3 years through adults in a class, event and themed party format and to sell retail items. We offer an in-studio format ("Extreme Art Studio Business") that operates from an approved studio location ("Studio")
- 1.1.2 We and our affiliates use, promote and license others to use and promote certain trademarks, service marks and other commercial symbols in operating an Extreme Art Studio Business, which have gained, and may continue to gain, public acceptance and goodwill, and we may create, use and license other trademarks, service marks and commercial symbols to identify Extreme Art Studio Businesses (collectively, the "Marks").
- 1.1.3 We grant to persons who meet our qualifications and are willing to undertake the investment and effort, a franchise to own and operate an Extreme Art Studio Business offering the products and services we authorize using our business formats, business system, methods, procedures, signs, designs, layouts, standards, specifications, and the Marks we authorize ("System").
- 1.1.4 As a franchise owner of an Extreme Art Studio Business, you will comply with this Franchise Agreement, including any riders, addenda, or exhibits thereto, and all System Standards (as defined in Section 4.2) in order to maintain the high and consistent quality that is critical to attracting and keeping customers for Extreme Art Studio Businesses and preserving the goodwill of the Marks.
- 1.1.5 You have applied for a franchise to own and operate an Extreme Art Studio Business and have provided us with certain information in support of your application.
1.2 ACKNOWLEDGMENTS. You acknowledge that:
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the Franchise Agreement does include a section on 'ACKNOWLEDGEMENTS.' Specifically, section 1.2 of Item 22, which covers contracts, is titled 'ACKNOWLEDGEMENTS'. This section outlines several points that the franchisee acknowledges as part of the agreement.
The acknowledgements cover various aspects of the franchise relationship. These include recognizing that the Extreme Art Studio business may evolve, the need for consistent marketing efforts, and the importance of maintaining high customer service and adhering to system standards. The franchisee also acknowledges that officers, directors, employees, and agents act in a representative capacity and that the franchisee has provided accurate and complete information to obtain the franchise.
Furthermore, the franchisee acknowledges that the terms and covenants of the Franchise Agreement are reasonably necessary to maintain quality and protect the goodwill of the Extreme Art Studio marks. They also acknowledge Extreme Art Studio's right to restrict sources of products and services and require the franchisee to sell certain products. Finally, the franchisee acknowledges that they alone will exercise day-to-day control over the Extreme Art Studio Business operations.