What is the full legal name of the franchisor for the Extreme Art Studio franchise?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
If Extreme Art Studio Franchising, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Under Iowa law, if applicable, Extreme Art Studio Franchising, LLC must provide this disclosure document to you at your first personal meeting to discuss the franchise. Michigan requires Extreme Art Studio Franchising, LLC to give you this disclosure document at least ten business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires you to receive this disclosure document at the earlier of the first personal meeting or ten business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If Extreme Art Studio Franchising, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580, and the appropriate state agency identified on Exhibit A. Extreme Art Studio Franchising, LLC authorizes the respective state agencies identified on Exhibit A to receive service of process for it in the particular state.
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the franchisor's full legal name is Extreme Art Studio Franchising, LLC. This entity is the one granting the franchise and is responsible for upholding the obligations outlined in the franchise agreement.
As a prospective franchisee, it is crucial to understand that all legal and contractual matters will be with Extreme Art Studio Franchising, LLC. This includes receiving the Franchise Disclosure Document, signing the franchise agreement, and making payments related to the franchise. The FDD explicitly states that if Extreme Art Studio Franchising, LLC offers a franchise, they must provide the disclosure document at least 14 calendar days before any binding agreement is signed or payments are made.
Furthermore, the FDD indicates that any failure by Extreme Art Studio Franchising, LLC to deliver the disclosure document on time, or if the document contains false or misleading statements, it could constitute a violation of federal and state laws. This should be reported to the Federal Trade Commission and the appropriate state agency. Extreme Art Studio Franchising, LLC also authorizes state agencies to receive service of process on its behalf.