If granted a Standard Franchise for an Extreme Art Studio, what document must the franchisee sign?

According to the 2024 Extreme Art Studio Franchise Disclosure Document, if a franchisee is granted a Standard Franchise, they must sign the Multi-Franchise Addendum, the form of which is included in Exhibit H of the FDD. Additionally, prior to opening the second and each subsequent Extreme Art Studio Business under a Standard Franchise, the franchisee and Extreme Art Studio will execute the then-current form of the Extreme Art Rider. The current form of the Extreme Art Rider is included as Attachment E to the Franchise Agreement, but the FDD notes that this form may vary materially and substantially from the form attached to the Franchise Agreement.

This means that franchisees looking to open multiple Extreme Art Studio locations under a Standard Franchise will need to be aware of two key documents: the Multi-Franchise Addendum and the Extreme Art Rider. The Multi-Franchise Addendum is signed when the Standard Franchise is initially granted, while the Extreme Art Rider is signed before each additional location is opened.

Prospective franchisees should carefully review both of these documents, paying close attention to any differences between the initial form of the Extreme Art Rider and the form that is in effect when they are ready to open subsequent locations. Understanding the terms and conditions of these agreements is crucial for managing and expanding an Extreme Art Studio franchise successfully.