If an addendum is applicable to the Extreme Art Studio franchise, what agreements does it affect?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
If any one of the preceding Addenda for specific states ("Addenda") is checked as an "Applicable Addenda" below, then that Addenda shall be incorporated into the Franchise Disclosure Document, Franchise Agreement and any other specified agreement(s) entered into by us and the undersigned Franchisee. To the extent any terms of an Applicable Addenda conflict with the terms of the Franchise Disclosure Document, Franchise Agreement and other specified agreement(s), the terms of the Applicable Addenda shall supersede the terms of the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, if an addendum for a specific state is deemed applicable, it will be incorporated into the Franchise Disclosure Document, the Franchise Agreement, and any other specified agreements between Extreme Art Studio and the franchisee.
Furthermore, the FDD states that the terms outlined in the applicable addendum will take precedence over any conflicting terms found in the Franchise Disclosure Document, Franchise Agreement, or other specified agreements. This ensures that the franchise operation complies with the specific legal requirements of the franchisee's state.
Prospective Extreme Art Studio franchisees should carefully review any state-specific addenda to understand how they modify the standard franchise agreement. This is especially important in states with franchise laws that require modifications to the FDD, Franchise Agreement, and other related documents, such as California, Hawaii, Illinois, Iowa, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Ohio, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.