What is the name of the entity executing the Franchise Agreement for Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
This Module Amendment to the Franchise Agreement (the "Module Amendment") is made and entered into this between Extreme Art Studio Franchising, LLC, a Minnesota limited liability company ("Franchisor"), and [franchisee name], a [state and entity type] (referred to herein as "Franchisee").
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the entity executing the Franchise Agreement is Extreme Art Studio Franchising, LLC. The document specifies that Extreme Art Studio Franchising, LLC is the franchisor in the agreement.
For a prospective franchisee, this means that all contractual obligations and rights related to the franchise are with Extreme Art Studio Franchising, LLC. This entity is responsible for providing support, enforcing standards, and ensuring compliance with the franchise agreement. It is important for the franchisee to understand the legal implications of dealing with a limited liability company as the franchisor.
Furthermore, the Module Amendment to the Franchise Agreement also identifies "Extreme Art Studio Franchising, LLC, a Minnesota limited liability company ('Franchisor')" as the entity entering the agreement with the franchisee. This reinforces that Extreme Art Studio Franchising, LLC is the party granting the franchise rights and setting the terms for additional service modules.