What is the meaning of 'we,' 'us,' or 'our' in the Extreme Art Studio Extreme Art Rider?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
| THIS EXTREME ART RIDER ("Extreme Art Rider") is entered into and made effective as of |
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| the date set forth on the signature page hereof ("Rider Effective Date"), by and between EXTREME AR STUDIO FRANCHISING, LLC ("we", "us" or "our") and the franchisee named on the signature page |
| of this Extreme Art Rider (" Franchisee ", "you" or "your"). This Extreme Art Rider relates to that certain |
| Extreme Art Studio Business Franchise Agreement dated |
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the terms 'we,' 'us,' or 'our' in the Extreme Art Rider refer to Extreme Art Studio Franchising, LLC. The Extreme Art Rider is an agreement between Extreme Art Studio Franchising, LLC and the franchisee. This clarification is important for franchisees to understand the contractual obligations and rights within the franchise agreement, specifically who they are contracting with.
Understanding which entity 'we', 'us', or 'our' refers to is crucial for interpreting the Extreme Art Rider correctly. It establishes the franchisor, Extreme Art Studio Franchising, LLC, as the party responsible for fulfilling the obligations and entitled to the rights outlined in the rider. This ensures clarity in legal and business communications related to the franchise agreement.
Prospective franchisees should carefully review all agreements, including the Extreme Art Rider, to fully understand their relationship with Extreme Art Studio Franchising, LLC. Identifying the parties involved in the agreement is a fundamental aspect of contract law and helps prevent misunderstandings or disputes in the future.