What is the full legal name of the franchisor for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
EXTREME ART STUDIO FRANCHISING, LLC,
a Texas limited liability company
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the legal name of the franchisor is EXTREME ART STUDIO FRANCHISING, LLC. It is identified as a Texas limited liability company in the provided agreement excerpts. This entity is the one granting the franchise and is responsible for upholding the terms and conditions outlined in the franchise agreement.
As the franchisor, Extreme Art Studio Franchising, LLC, is the entity that franchisees will contract with, making it crucial to understand its structure and obligations. Franchisees should verify the company's registration and standing in Texas to ensure its legitimacy. Any legal disputes or interpretations of the franchise agreement would involve this specific legal entity.
Prospective franchisees should also note that the franchisor's rights include the ability to merge, develop, or acquire other businesses, even those similar to Extreme Art Studio businesses. This could potentially introduce competition within or outside a franchisee's territory. Therefore, understanding the franchisor's full legal name and corporate structure is a fundamental step in evaluating the franchise opportunity.