What is the significance of the signature page in the Extreme Art Rider for the Extreme Art Studio franchise?

According to the 2024 Extreme Art Studio Franchise Disclosure Document, the signature page of the Extreme Art Rider signifies the formal execution and delivery of the agreement between Extreme Art Studio Franchising, LLC, and the franchisee. By signing, both parties acknowledge their intent to be legally bound by the terms and conditions outlined in the Rider, making it effective as of the Rider Effective Date. This indicates a mutual agreement and commitment to the terms specified within the Extreme Art Rider.

The signature page includes spaces for Extreme Art Studio Franchising, LLC's signature, as well as the franchisee's signature, along with the date. If the franchisee is a corporation, limited liability company, or partnership, the entity name, signature, and printed name of the signatory are required. If the franchisee is an individual, their signature and printed name are required. This ensures that the agreement is properly executed by authorized representatives of both parties.

The Extreme Art Rider is an important document that outlines specific terms related to the operation of additional Extreme Art Studio businesses under a Standard Franchise (Multi-2 or Multi-3). The signature page serves as evidence that both Extreme Art Studio and the franchisee have agreed to these terms, which may include details about the approved location, territory, and other obligations. Without the signature page, the Extreme Art Rider would not be considered a valid and enforceable agreement.