What page of the Extreme Art Studio Franchise Agreement discusses the 'EXTREME ART STUDIO BUSINESS'?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
1.4 GRANT AND TERM OF FRANCHISE.
- 1.4.1 Subject to all of the terms and conditions of this Franchise Agreement, we grant you a franchise to operate an Extreme Art Studio Business (1) a single Extreme Art Studio Business ("Single Franchise"); (2) up to two Extreme Art Studio Businesses ("Multi-2"); or (3) up to three Extreme Art Studio Businesses ("Multi-3") (collectively, the Multi-2 and Multi-3 are referred to as "Standard Franchise(s)").
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, the term 'Extreme Art Studio Business' is discussed in several sections of the agreement. Specifically, section 1.4.1 on page 60 defines the franchise options available, including Single Franchise, Multi-2, and Multi-3 franchises. These options dictate the number of Extreme Art Studio Businesses a franchisee can operate under the agreement.
Additionally, page 60 also clarifies that if a franchisee operates multiple Extreme Art Studio Businesses, each individual business is referred to as the 'Franchised Business,' unless otherwise specified. This distinction is important for understanding how the terms of the Franchise Agreement apply to each location. The document also mentions that all obligations within the Franchise Agreement apply individually to each Extreme Art Studio Business operated by the franchisee.
Furthermore, page 188 defines 'Extreme Art Studio Business' within the context of a sample confidentiality agreement. It specifies that an Extreme Art Studio Business operates art studios in a class, camp, activity, and party format, focusing on art activities and related products and services using Extreme Art Studio's intellectual property. This definition is crucial for ensuring that franchisees and their employees understand the scope and nature of the business they are operating under the franchise agreement.