What is the name of the company offering 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.
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the franchise is offered by Extreme Art Studio Franchising, LLC. This entity is identified as the franchisor in several sections of the FDD, particularly in the context of legal disclosures and obligations related to franchise sales. For example, the FDD specifies that Extreme Art Studio Franchising, LLC must provide the disclosure document to prospective franchisees within a certain timeframe before any binding agreement is signed or payment is made.
This information is crucial for potential franchisees as it clarifies the legal entity they will be contracting with. Knowing the exact name and type of the franchisor is essential for conducting due diligence, understanding legal responsibilities, and ensuring compliance with franchise regulations. The FDD also mentions that if Extreme Art Studio Franchising, LLC fails to deliver the disclosure document on time or if it contains false or misleading information, it could be a violation of federal and state laws.
Furthermore, the document highlights that state addenda and agreement riders are made for Extreme Art Studio Franchising, LLC, reinforcing its role as the franchisor. This addendum modifies certain portions of the FDD and may supersede parts of the Franchise Agreement, depending on applicable state law. The FDD also specifies that Extreme Art Franchise Systems, LLC is preparing to enter into a Franchise Agreement and Multi-Franchise Addendum for the operation of an Original Extreme Art franchise.