If granted a Standard Franchise for an Extreme Art Studio, what addendum must be signed?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
If we grant you a Standard Franchise, you must sign our Multi-Franchise Addendum the form of which is attached to the Franchise Disclosure Document in Exhibit H.
Prior to opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, you and we will execute the then-current form of Extreme Art Rider ("Extreme Art Rider"), the current form of which is attached to this Franchise Agreement in Attachment E but which may vary materially and substantially from the form attached to this Franchise Agreement.
If you operate multiple Extreme Art Studio Businesses, each reference to the "Franchised Business" herein shall refer to each individual Extreme Art Studio Business that you operate under this Franchise Agreement, unless otherwise specified.
All obligations under this Franchise Agreement shall apply individually to each Extreme Art Studio Business you operate.
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, if Extreme Art Studio grants you a Standard Franchise, which allows for multiple locations, you must sign their Multi-Franchise Addendum. This addendum is included as Exhibit H in the Franchise Disclosure Document.
Prior to opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, you and Extreme Art Studio will need to execute the then-current form of the Extreme Art Rider. The current form of the Extreme Art Rider is attached to the Franchise Agreement as Attachment E, but the FDD notes that this form may vary materially and substantially from the one attached to the Franchise Agreement.
Each individual Extreme Art Studio Business that you operate under the Franchise Agreement will be considered a "Franchised Business", unless otherwise specified. All obligations outlined in the Franchise Agreement will apply individually to each Extreme Art Studio Business you operate.