What representation is made by signing the Franchise Disclosure Questionnaire for an Extreme Art Studio franchise?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISE DISCLOSURE QUESTIONNAIRE
(This questionnaire is not to be used for any franchise sale in or to residents of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin)
As you know, Extreme Art Franchise Systems, LLC ("we" or "us"), and you are preparing to enter into a Franchise Agreement and Multi-Franchise Addendum, if applicable, for the operation of an Original Extreme Art franchise. You cannot sign or date this questionnaire the same day as the Receipt for the Franchise Disclosure Document, but you must sign and date it the same day you sign the Franchise Agreement and Multi-Franchise Addendum, if applicable. Please review each of the following questions carefully and provide honest responses to each question. If you answer "No" to any of the questions below, please explain your answer in the table provided below.
Do not sign this Questionnaire if you are a resident of Maryland or the franchise is to be operated in Maryland.
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 Disclosure Questionnaire is used to confirm that the franchisee is making honest representations to Extreme Art Studio. The questionnaire is not to be used for any franchise sale in or to residents of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin.
The FDD states that a franchisee cannot sign or date the questionnaire on the same day as the Receipt for the Franchise Disclosure Document, but they must sign and date it the same day they sign the Franchise Agreement and Multi-Franchise Addendum, if applicable. The document also states that the questionnaire should not be signed if the franchisee is a resident of Maryland or if the franchise is to be operated in Maryland.
In Virginia and Wisconsin, no statement, questionnaire, or acknowledgment signed by a franchisee can waive claims under state franchise law, including fraud, or disclaim reliance on statements made by Extreme Art Studio. This provision supersedes any other conflicting term in any document related to the franchise.