What is the required notice period for Extreme Art Studio to revoke a waiver?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, any waiver granted by Extreme Art Studio can be revoked at any time and for any reason. However, Extreme Art Studio must provide the franchisee with ten days' prior written notice before the revocation takes effect.

This means that if Extreme Art Studio has previously waived a specific obligation or restriction for a franchisee, they retain the right to reinstate that obligation. The franchisee will have a ten-day window after receiving written notice to prepare for the change.

This clause provides Extreme Art Studio with flexibility in managing the franchise system and ensuring compliance with the franchise agreement. It also highlights the importance of franchisees maintaining open communication with Extreme Art Studio to understand the reasons behind any waiver revocations and to address any concerns promptly.